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Despite the dire prediction by President Trump of the stock market crashing if Joe Biden was elected, and my own crystal balls, tea leaves, and chicken bones getting it wrong by predicting there would be some volitility if Trump contested the election, the stock market has been on a fairly steady rise since a couple of days before the election.

Investors not only anticipated a Trump loss, but they seem to like the idea of a stable President in office that will return to more normalized relations with allies, while having a Senate that might keep in check the fears of Democrat spending.

The Dow Jones hit a new high of 29,985 in overnight trading and opened this morning with a high of more than 19,800, before pulling back about 400 points, where it seems to have stabilized at this mid-day, around the +1000 point range.

There was also the added bonus of a positive report of a vaccine from Pfizer that claims a 90% success rate, though President-elect Biden has informed the public that if the vaccine is approved, it would still be months before it would be widely available.

Though the Dow Jones only tracks 30 stocks, you could have literally thrown a dart at a list of stocks on any market platform and hit a winner over the last week of trading. My own recommendation I made on Nextera Energy Partners, LP (NEP) more than a week ago on October 27, when it was dipping below $64, has been making gains since then.

NEP is a renewable energy stock, and with Biden as President for the next 4 years, is expected to be a major player benefiting from a push toward renewable energy.

Nothing with the stock market is certain of course, but stock markets anticipate worth 6 months to a year down the road, and it is anticipating a faster economic recovery, a better response in dealing with the Covid-19 pandemic, and another stimulus deal to come after Trump leaves office.

It could be interesting to see how the market reacts if the Senate run-off races to come in Georgia result in a 50-50 split, which would give Vice-President Elect Harris a tie breaking vote on future legislation.

Biden, investors believe, can bring both Democrats and Republicans together, to get a stimulus package done. He has already announced a Coronavirus Task Force that will take the pandemic far more seriously than the current administration.

NOTE: This post was made at 12:15 PM

Notice: Any and all discussion of a stock or investing should not be considered financial advice and is for entertainment purposes only. I often lose my car keys and forget where I parked my car. I am not a financial advisor. Do your own analysis before investing.