President Biden's political capital is nearly exhausted, facing challenges like weak support and inflation.

From Investing.com: 2024-06-01 05:01:58

According to BCA Research, President Biden’s political capital is nearly exhausted and any negative developments could jeopardize his presidency. Despite some successes, weak popular support and ongoing issues like inflation are challenging his administration. Election risk and policy uncertainty are expected to increase volatility in U.S. stocks. Until resolved, investors should favor defensive sectors and long-duration bonds. Biden’s recent attempts to regain political capital have not been successful, leaving his administration vulnerable to further obstacles. The political and economic landscape will likely remain uncertain and volatile as the election approaches.



Read more at Investing.com: Biden largely spent his political capital, the risk is now to the downside: BCA By Investing.com