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The upcoming U.S. presidential election is nearing, but some investors believe that it may not have a significant impact on the markets. With just over two weeks left until the election, the race between former President Donald Trump and Vice President Kamala Harris is appearing to be very close, according to the latest national poll by NBC News. Trump has been experiencing a resurgence in the polls, along with signs that equity markets are pricing in his potential victory. On the other hand, Harris’ popularity has slightly decreased from its peak in the summer. Despite the uncertainty surrounding the election outcome, many investors remain optimistic about the bullish case for Stocks, especially given the recent strong performance of major stock indices.
The Dow Jones Industrial Average and S&P 500 recently ended a six-week winning streak, marking the best winning streak of the year for both benchmarks. The S&P 500 has gained about 22% so far this year, signaling a positive outlook for a post-election boost. Historical data dating back to 1944 indicates that a strong performance in election years typically leads to further market improvement in November and December. This historical trend suggests that active managers may strive to exceed their benchmark returns in the final months of this particularly robust election year.
Market experts caution that past instances have shown that candidates’ policies do not necessarily dictate market performance. Therefore, investors are advised to focus on industry trends and company developments rather than political outcomes. Regardless of the election results, investors anticipate positive Market reactions, with a split Congress potentially being viewed favorably for equities. However, concerns about potential election result delays leading to increased volatility remain a potential risk for investors.
In conclusion, investors are encouraged to maintain a long-term perspective during periods of uncertainty and prepare for potential election-related volatility. Despite the ongoing political landscape, many investors are taking proactive steps to position themselves for a positive end to the year by embracing risk-on sectors and assets without waiting for absolute clarity on the election outcome.
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Emily Jensen, graduated from the London School of Economics and Political Science (LSE) in the UK in 2015 with a degree in Economics. She specializes in financial markets and international trade. After graduating, she worked as an analyst at an investment bank in London, where she developed expertise in global economic trends. She later transitioned into consulting, focusing on fintech ventures and providing insights into global economic developments. Emily is passionate about the intersection of finance and technology and aims to drive innovation in the financial sector.