Investors will “likely breathe a sigh of relief” if Joe Biden wins in Iowa, and “will likely react strongly to a Sanders win,' analysts said.
While analysts are warning about a potential drop for stocks if progressive 2020 Democrat Bernie Sanders wins Monday’s Iowa caucuses, that is not the only result that could move markets.
Echoing other analysts’ caution around a possible triumph for Sanders in Iowa, the Height analysts said investors “will likely react strongly to a Sanders win.” The Vermont senator has been leading in polls focused on the state as its first-in-the-nation caucuses take place Monday, though Biden isn’t far behind, followed by former South Bend, Ind., Mayor Pete Buttigieg in third and Warren in fourth. Biden also continues to lead in national polls.
For the stock market, a split decision in Iowa that “leads to a Sanders win in New Hampshire should have the same practical effect as Sanders winning Iowa,” the analysts wrote, referring to New Hampshire’s primary on Feb. 11. That result would “raise serious questions about Biden” and open the door a little more for moderate Michael Bloomberg, the billionaire and former New York City mayor who is running a self-funded campaign that is not focused on the primary’s earliest states, they said.
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