Ultrahisham
2022-11-19

From mid term on to presidency

The mid term was supposed to be a referendum on Biden and the democrats. It was supposed to be a 'red wave' and a Republican sweepto take the House and Senate to create gridlock. It could not have been as dramatic. To cut the story short, the Democrats showed up to the Republicans and the GOPs did not get theirparade. 

The political scene is shifting to the 2024 Presidential elections. A bit early to some considering we are still in 2022. But campaigning will take some time and the candidates will start off declaring their interests, square off and start getting whittled off until one candidate from each side stands. 

As we all know, Trump has declared himself running as well as Biden himself who will be running for re-election. It will be a hot headed contest with much emotions on the line. That much we know. Impact on stock market? That is rather tricky. But we all know how pro business Trump is. So do expect a lot of pro businessincentives which will benefit corporations. However, he is also an advocate of 'America first' so that in itself runs the risk of deglobalisation. In an interconnected world, that is a high risk in itself. Many other factors are also at play etc. So it is best to just take one step at a time and monitor price actions to be better prepared.

Thanks for reading!

Trump 2024 - Impacts on Stock Market?
Trump announced Tuesday night that he will seek the Republican presidential nomination in 2024. The stock market annual return was unprecedented 11.8% during Trump's office; while the market continued to crash during Biden's administration. If Trump succeed, it will improve the prospects for industries like coal and energy and defense stocks. ---- [TOPIC] Do you expect Trump win 2024? Which sector may benefit from Trump's bid? --- [REWARDS] Join our topic and win at least 50 coins~
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Comments

  • PandoraHaggai
    2022-11-22
    PandoraHaggai
    You're right that trump will be more protective of financial markets
  • MortimerDodd
    2022-11-22
    MortimerDodd
    Either way, we need to be on the lookout for black swans, right
  • DonnaMay
    2022-11-22
    DonnaMay
    To be honest, trump would be much more loved by investors than biden.
  • Maria_yy
    2022-11-22
    Maria_yy
    I support the election of trump. Who do you support?
  • BellaFaraday
    2022-11-22
    BellaFaraday
    It is too early to discuss this topic.
  • Taylee
    2022-11-19
    Taylee
    👍
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