If you delve into the election manifesto and vision of Joe Biden and his team, you will encounter a number of spearheads that will have a major impact on the US economy and the stock markets. Because of America's dominant position, they usually have direct consequences for the rest of the world. In a broader perspective, domestically-oriented listed companies - especially small caps - are likely to benefit the most, while large companies and tech giants face higher taxes and stricter regulations.