We are only days away from the US presidential election… The results will have not only dramatic impacts on politics but also global markets.
The wait to see who the American people chose to elect, coupled with the increase in COVID-19 infection numbers and uncertainty over GDP data, could tempt some traders to sit on the sidelines and do nothing.
The most recent polls indicate no uncertainty over who will win (the democratic blue wave, as they say). Still, judging from a historical perspective, polls can’t necessarily be trusted. I mean, have you ever participated in polling or know anyone who has?
No matter who takes the presidency and who controls Congress, the result could significantly impact a wide range of asset classes and the stock market. Sectors, including financials, energy, healthcare, and technology, could all shift after November 3.
As an investor, it’s rightfully so that you are mindful of the uncertainty as to who will win. The shock four years ago triggered big market swings, which eventually equated to large stock price rises buoyed by corporate tax cuts. What will this year bring on the back of the craziness we have already experienced?
Watch the full interview as we predict who will win the election and what stocks are poised to benefit from each candidate winning.