Reported about 1 year ago
Following the presidential candidate debate in the United States on July 7, 2024, the market anticipated changes, resulting in stock market fluctuations. However, data since 1960 shows that during US election years, the average annual return rate of US stocks is 7.5%, slightly higher at 8% in non-election years, indicating that elections are not the absolute factor affecting the stock market, but rather the state of the economy is key. With the US economy stable, showing moderate growth in employment and consumption, and with IMF revising global GDP growth rate to 3.2% this year, including a substantial increase in the US growth rate to 2.7%, US corporate profit growth is expected to return to double-digit percentage growth, favoring a continued positive trend in US stocks.
Source: YAHOO