
The 2020 Presidential Election featured President Donald Trump running against Joe Biden. Investors and analysts pointed to several sectors that could benefit from each respective president winning the election. One sector that wasn’t seen as a likely benefactor of a Biden presidency has turned in impressive gains since November 2021.
What Happened: An election win by Joe Biden in 2020 was seen as a win for the clean energy sector and as a potential negative for oil stocks as Biden had publicly voiced opposition to pipelines.