Wall Street starts to picture Joe Biden in the White House

Strategists consider shifts in portfolios, assuming Democrats win big in November
Some analysts believe that if Joe Biden wins the election, as current polling indicates, taxes and regulation could increase
Some analysts believe that if Joe Biden wins the election, as current polling indicates, taxes and regulation could increase © FT montage; Getty Images

A surge in support for Joe Biden ahead of November’s US presidential election is forcing Wall Street analysts to consider the potential market impact of the former vice-president winning the top job.