Trump vs. Harris: The economic debate topics to watch for

Published On Sep 9, 2024, 10:29 AM

In a key debate ahead of the 2024 elections, Kamala Harris and Donald Trump are expected to clash over various economic issues, including tariffs and tax plans. Trump will likely label Harris as a 'comrade' to emphasize his perception of her as a far-left candidate threatening the economy. Conversely, Harris will focus on attacking Trump’s tariff proposals, which she claims could burden families with increased costs. Both candidates will need to lay out their economic strategies carefully, especially as public awareness of Harris remains lower than desirable, requiring her to strengthen her economic credentials.

Read full article

Stock Forecasts

AAPLView AAPL chart on TradingView

Negative

Given the current economic context and the candidates' contrasting policies, investors should prepare for potential volatility in sectors sensitive to tariff policies. If Trump sticks to his tariff plan, it may negatively affect sectors relying heavily on imports, such as retail (e.g., WMT - Walmart) and consumer electronics (e.g., AAPL - Apple).

SPYView SPY chart on TradingView

Positive

If Harris successfully portrays her moderate economic plans, it could bolster investor confidence in sectors geared towards growth and stability post-election, suggesting potential gains in diversified funds and ETFs focusing on technology and consumer goods.

Related News

Nancy Tengler encourages investors to have a ‘longer-term perspective’ on Magnificent 7 stocks | Fox Business Video

Laffer Tengler CEO and CIO Nancy Tengler discusses investment opportunities and more on ‘Making Money.'

AAPL
MSFT
NVDA

Inflation is not ‘dead at all’ despite ‘coming down’: Hoenig | Fox Business Video

Capitalist Pig hedge fund manager Jonathan Hoenig weighs in on market rallies, his concern for everyday Americans amid inflation, and his stock pick.

SPY

Jamie Dimon warns of 'critical issues' that could affect US economy

Oct 11, 2024, 12:25 PM

JPMorgan Chase & Co. chief Jamie Dimon on Friday sounded the alarm about "critical risks" to the U.S. economy in the bank's third quarter earnings report.

SPY