In case Joe Biden becomes the new head of the United States, the economy countries will see moderate growth, as will business profits. This opinion Voiced by Bank Of America strategist Jared Woodard. The regulator will be actively apply quantitative easing (QE), risky assets will not be in great demand. This estimate does not coincide with the expectations of most economists and market players - according to results of a poll conducted by Bloomberg at the end of next year they expect the S & amp; P 500 to rise to 3900 points. However, according to Woodard, there is a period of stagnation ahead, comparable to the one that was observed in 2010 - 2015. In the short term only temporary growth in cyclical assets should be expected and inflation, he said. Positive news from pharmaceutical companies are a temporary incentive, as well as a positive economic statistics. They can be used by the US authorities as grounds for reducing financial support. In this case next year could be a record for budget constraints costs, the expert warns