The upcoming American pageant will be nothing, if not bombastic. Incendiary personal attacks combine with social media for a tragicomic spectacle. The discord may well cause market volatility, and increase the impulse to act on searing, scarlet-lettered headlines.
Nonetheless, this election too shall pass. In 2016, markets were agitated by the apocalyptic implications of a Donald Trump victory. Four years later and fickle investors now dread the opposite. Trump - while certainly unconventional - is pro-business, with 2017 tax cuts becoming his signature presidential achievement. Most investors looking to adjust portfolios ahead of US election - survey The logic goes that under a Joe Biden presidency, taxes will rise, upending global risk assets with increased regulation. Trump's recent musings also indicate a premeditated refusal to conce...
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