As we all know by now that the US election is just about 5 weeks away and the heat is on as 3rd Nov draws closer. As we all witnessed the president’s debate yesterday which turned out to be a more of a bickering session where both people hurled insults and repeatedly interrupted each other. One would probably get very little out of yesterday’s debate other than some entertainment value.
At a point in time Mr Biden even called Mr Trump a “clown” and told him to “shut up” and Mr Trump questioned Biden’s intelligence. What a debate!
Issues like handling covid19, racism were hardly rationally debated as both kept on squabbling that the debate moderator had to intervene.
Market couldn’t get much out of the debate and futures started to sell down after that only to recover on news of stimulus.
For now polls show Mr Biden leading and Trump has probably has to take the rest of the debate seriously in order to swing votes to his side.
Now what can we expect from now till Nov? VOLATILITY! As the race to the white house is not conclusive yet, both parties stand a good chance to win. As such, market could swing during this period so do be aware. As Trump is pro market, pro business if he’s firmly in the lead, markets could favour that. On the other hand, if Biden is in the lead, market might not like it as they will have to adjust to a new president, new policies and more regulations. Election news might overtake covid news for the time being as traders shift their focus for the time being.
-So for short term traders, do be nimble, adjust your expectations during this period. Don’t be greedy during this time or stay out when it’s too uncertain. Gold could also be a trading idea as some might flock to there for safety.
-For longer term investors, take the chance to position yourself during the dip on strong companies with good fundamentals. In the long run, market tends to move up. Index ETFs are good alternatives if single stock exposure is not your cup of tea.
So what happens if Donald Trump wins?
So what happens if Joe Biden wins?
It’ll be an interesting month leading up to the elections so stay tune as we update more on index in the coming days. Stay tune.
Yours
Humbly
Kelwin&Roy
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Created by humblestock | Jun 06, 2024