Get ready for the ride.
That’s the advice coming from experts on Wall Street as investors gear up for a tight 2024 presidential election.
The S&P 500 (^GSPC) has surged by 20% this year, making it the best Election Year performance through October since 1936. However, this strong showing may be in jeopardy in the short term due to the uncertainty surrounding the too-close-to-call race, which is likely to cause market fluctuations.
According to predictions market Polymarket, there is a 59.5% chance of Donald Trump winning the election, leading to a resurgence of what’s known as the Trump trade. Treasury yields fell and gold prices rose last week as investors speculated that Trump’s proposed policies on tariffs and tax cuts could lead to inflation.
“Market stability hinges on a clear election outcome that will provide insights into economic impacts and help assess potential winners and losers across different sectors,” said Rob Haworth, senior investment strategist at US Bank Wealth Management…
2024-11-03 12:18:09
Original source: finance.yahoo.com
