Deutsche Bank AG is looking for ways to end its relationship with President Donald Trump after the U.S. elections.
It isn’t cruel or cynical. Like Connery’s choice to leave Scotland for a sunnier and financially friendlier haven, it’s just risk management.
A Biden win would represent a return to a conventional administration resulting in less volatility associated with political risks.
Biden’s proposed capital gains tax hike would be a “minor speedbump” for a stock market poised to continue higher.