We're less than two weeks from the Nov. 3 presidential election, and the polls are gaining clarity. Democrats are going into next month's election with a clear advantage.
FiveThirtyEight's polling average gives Democratic presidential candidate Joe Biden an 87% chance of winning the race for the White House.
And according to Real Clear Politics, betting sites on average give Biden odds of 65.1% to win.
Meanwhile, Democrats are practically guaranteed to keep control of the House of Representatives, and now have a 70% chance of taking the Senate, too, according to FiveThirtyEight.
In short, the polls say we're going to get a "blue wave." Democrats are set to take the White House and both houses of Congress.
Of course the polls have been very wrong before, so we have to remind ourselves that they tell us probabilities, not certainties...
But if the "blue team" does win, that's going to mean a different take on green energy, stimulus, anti-trust, banking and environmental regulations, and much more. Stocks will definitely be affected.
We're already seeing some sectors rise in anticipation.So today, I'll show you how to prepare your portfolio for a "blue wave" as well as what to do if the polls end up being wrong again...