Equities: Impact of Fed hikes more important than US elections for 2024 performance – Commerzbank
In one year, Americans will elect their president. Polls show Donald Trump in a neck-and-neck race with incumbent Joe Biden. Economists at Commerzbank analyze market implications of the US elections.
Prolonged period with unclear winner to weigh on the markets for some time
In 2024, it will likely be important to see if there is a clear and widely accepted election winner. If there is a prolonged period where it is unclear who won the elections (as had been the case with George W. Bush's election in 2000), with the Supreme Court possibly having a say, this would certainly weigh on the markets for some time.
But ultimately, in our opinion, whether 2024 will be a good year for equity will not depend on the election outcome, but on the question of how negatively the massive interest rate hikes by the Federal Reserve will impact the US economy and S&P 500 corporate earnings in 2024.
Reprinted from FXStreet_id，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.