This article this morning on Marketwatch includes an interview with Tony James of the Blackstone private equity group. In it, he mentions some consequences which may soon occur if Joe Biden is elected president just weeks from now.
The article states that, "James said higher taxes and stepped-up regulation, which are expected if former Vice President Joe Biden wins the White House in November, will also lead to greater costs and lower profits, which could take the wind out of the stock market."