Reported about 1 month ago
As the US presidential election approaches, market volatility stemming from electoral uncertainty is a growing concern among investors. Federated Hermes strategist Linda Duessel predicts a 'contested result' between Vice President Harris and Donald Trump, reminiscent of the disputed 2000 election. Despite this uncertainty, she believes history suggests minimal impact on market performance, noting the market's resilience this election year. Duessel anticipates a necessary correction of 7-10% post-election, signaling that such adjustments could be expected.
Source: YAHOO