Biden withdraws! What the hell is going to happen? The situation is getting interesting
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Investors have been forced to make decisions since the beginning of the week over whether US President Biden's withdrawal from the presidential election and his expression of support for Vice President Harris as a candidate to replace himself will increase or decrease the possibility of former President Trump's return.
Effects on market prices
The dollar is strong in financial markets $USD/JPY(USDJPY.FX$ In addition to rising US bond yields and rising banks, healthcare, and energy stocks, it has been assumed that the crypto asset (virtual currency) Bitcoin will rise.
A problem for investors
Now that Mr. Biden has announced his withdrawal, it is a question of whether such deals should continue.
The market may become unstable while trying to determine whether Mr. Harris will win the party's nomination and whether he can gain enough momentum to counter Mr. Trump's lead in opinion polls.
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