Reported 12 months ago
Equity traders are adjusting their positions following the US presidential debate between President Joe Biden and former President Donald Trump. The debate's impact has led to an increase in shares of private prisons, credit card companies, and health insurers, benefiting from optimism surrounding Trump's chances for re-election. Conversely, renewable energy and cannabis stocks are in decline. Investors are advised to reconsider exposure to consumer discretionary and renewable sectors, as a Trump presidency and Republican Congress could have differing effects on these industries.
Source: YAHOO