With the US election just around the corner, uncertainty hangs over the financial markets and how different asset types will react to a win on either side.
When it comes to debates, in May, both Biden and Trump accepted an invitation from CNN to participate in a debate on June 27, 2024, as well as an invitation from ABC News to participate in a debate on September 10, 2024.Analysts at Goldman Sachs said in a note Thursday that the first debate, now scheduled to take place in less than a month , may increase focus on the election and provide fresh clues as to how the market is viewing its impact on asset markets.
However, the bank cautions that if fiscal proposals wind up being larger or the market reacts more intensely to tariff proposals, then these outcomes could be quite different. As of now, they believe the challenge for positioning for or hedging against election outcomes is that the election itself is still some time away.
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