Wall Street adjusted for a Biden yes but that's because there are going to be some potential benefits at least perceived to be some with Biden in the office but FTT there are NO potential benefits, not perceived ones, not real ones, no nothing. FTT is just bad, bad, bad, not for traders, not for the general investor public, not for pensioners, not for the institutions, not for the financial industry and not even for the government that wanted to broaden their "revenue base". It's a lose, lose, lose, lose, lose situation for all parties concerned except maybe win for one party. If you look at all the countries that implemented FTT, the best result is no change or very little impact. Is it worth it to have spent millions of dollars implementing it? Who is one possible winner? China!! So far, the only industry that America still has a tiny bit of edge over China is the financial industry. Now with FTT, China will finally overtake US in all industries.
Yay, go Biden!!