US Election: What A Trump Or Harris Victory Means For Stocks, Bonds, And Crypto

US Election: What A Trump Or Harris Victory Means For Stocks, Bonds, And Crypto | Tech & Trade

The 2024 race to the White House is stretching to the finish line. But both candidates, Republican Donald Trump and Democrat Kamala Harris, seem to be just seconds apart according to opinion polls. In this tight race, the financial markets appear to have chosen a winner, hinting at the potential return of the “Trump trade.” This term is used for a situation when certain stocks gain or lose in anticipation of Donald Trump winning the November 5 election. But it’s not just about before the election; investors are also worried about what will happen to shares, bonds, and other investments after the elections are over. According to analysts, the answer lies in both candidates’ policies. If Trump wins, stock market movement will likely be influenced by his proposed tax cuts and pro-business policies. In contrast, a Harris victory could result in increased corporate taxes, negatively affecting earnings. Let’s try to understand why.

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