With about a month to go until the 2024 presidential election, investors are bracing for potential volatility in the markets amid uncertainty over whether former President Donald Trump or Vice President Kamala Harris will win in November.
“It’s really important that everyone remembers that there is a lot of noise, there’s a lot of volatility around elections,” said Seema Shah, chief global strategist at Principal Asset Management. “Really what fundamentally drives markets is going to be what’s going on with earnings growth, what is going on with inflation and what the Fed is going to do.”
Differences in Republican and Democratic economic policies mean there are potentially nuanced ways for investors to position their portfolios to make money based on the election outcome.
“There will be certainly winners and losers coming out of this election cycle,” said John Mowrey, chief investment officer of NFJ Investment Group. “Depending on what happens with corporate tax rates, what happens with regulation and what happens with geopolitics.”
According to some experts, small-cap stocks could potentially benefit under a second Trump administration.
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Author: Paul Bedard
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