As the 2024 presidential election looms, B. Riley Wealth chief market strategist Art Hogan joins Market Domination to discuss the country's fiscal policy and what to expect from the upcoming presidential debate.
Now, I will tell you when it comes down to fiscal policy, the hardest time to talk about that is an election year because neither side of the aisle is going to actually ever say anything about cutting spending.Obviously, we're in a place where our debt is too high and uh and it's a function of two things.And, you know, so fortunately, or unfortunately, we're not going to resolve any of that.
So, you know, I've been listening to people that are willing to talk about both sides of that equation.Well, and we're probably not gonna hear it on Thursday night from the two presidential candidates most likely because that's not gonna get them any votes. I do certainly understand how that worked 100 years ago, but in the global economy that we live in, you know, that those costs are passed along to um the end user or the consumer and that, that's inflationary, it's higher costs.I think, you know, it would be a great part brick in the platform for both of these candidates to remove and say that's probably not the right way to go about this.