Reported 22 days ago
As the 2024 presidential election approaches, Wall Street analysts are anticipating significant market volatility, given the tight race between Donald Trump and Kamala Harris. Predictions suggest a 62.3% chance of Trump winning, reviving interest in 'Trump trades' such as financials, gold, and managed-care insurers, which could benefit from deregulation. Conversely, a Harris victory could favor electric vehicles, homebuilders, and discount retailers as she is expected to continue supportive policies initiated under the Biden administration. Investors are advised to prepare their portfolios for these potential outcomes.
Source: YAHOO