The race between Vice President Kamala Harris and former President Donald Trump, as well as the battle for Congress, are down to the wire. The outcome will be consequential for markets on many fronts, including dictating policies that could hurt, or boost, different industries, as well as tax and spending plans that will influence the direction of interest rates and the U.S. dollar.
Pro has been breaking down down which stocks could do well under different election scenarios, as well as the market reaction, based on Wall Street research as well as interviews with analysts and investors. Here's what we found in one place: Trump and Harris baskets from Strategas Strategas Research recently compiled two stock baskets . One is made up of stocks that benefit after a Harris win; the other would outperform under a second Trump presidency.
Pro . "The markets will take their cue based on who wins the White House. Trump is widely seen as pro-crypto although irrespective of who wins, bitcoin is still primed for a pump." Some stocks and ETFs to keep an eye on include Coinbase and the iShares Bitcoin Trust ETF . Coinbase shares are up 12% year to date.
which launched earlier this year, has popped 30% over the past three months. The dollar The dollar will be a key asset to watch, especially as election results roll in. Many investors see the U.S. currency rising under a Trump presidency with his protectionist policies such as tariffs. UBS, however, thinks this higher dollar would be short lived.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BreitbartNews - 🏆 610. / 51 Read more »
Source: ksatnews - 🏆 442. / 53 Read more »