For months, all eyes were on the Federal Reserve…
Investors waited to see how the central bank would handle interest rate cuts at its September 18 meeting. Now we know, and the market has had plenty of time to digest the news – with stocks up almost 2% in that time.
The next big event on the calendar is the November presidential election.
In just 36 days, Americans will head to polling stations to cast their vote for the 47th president of the United States.
Various polls show that the battle between former President Donald Trump and Vice President Kamala Harris is close to a “dead heat.” That’s causing some uncertainty for investors. The market can deal with good and bad news. But it tends to worry about the unknown.
Over the next five weeks, my goal is to help you prepare for what’s ahead…
And on today’s video update, I start by diving into a few sectors and discussing the kind of stocks that will do better under each candidate.
Energy is where the two candidates differ the most in policy. Trump is on record backing the continued push for oil and gas production in the United States. Meanwhile, Harris has been pushing for renewable energy in her four years as vice president.
There’s a scenario in which both energy subsectors could do well, but there’s no doubt that each candidate will have a lot to say about its performance.
Financials is another important sector to consider. Trump will likely be kinder to the large banks, whereas Harris will put more pressure on them via regulations – which could hurt some potentially big deals in the future.
Tune in to get the complete breakdown of these two sectors – plus a list of stocks that could outperform in the coming years depending on who wins.
Here’s to the future,
Matt McCallEditor, Market Insights
The post It’s Time to Build Your Election Portfolio appeared first on Centurion Publishing.
