What Wall Street Wants to Hear at the Presidential Debate

Published On Sep 10, 2024, 7:41 AM

The upcoming presidential debate between Vice President Kamala Harris and Donald Trump is pivotal for both candidates, particularly regarding economic policies that Wall Street is eagerly watching. Business leaders hope Harris's debate performance will clarify her economic stance, which might be more business-friendly than President Biden's. In contrast, Trump's economic policies face scrutiny concerning their potential impact on inflation and income inequality. An influential report highlights that Trump's proposals could increase U.S. deficits significantly more than Harris's plans, which may lead to continued market volatility leading up to the election.

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Stock Forecasts

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Negative

If Kamala Harris can effectively position herself as a more business-friendly alternative to President Biden during the debate, it could lead to a positive market reaction, especially in sectors that could benefit from her potential economic policies. Conversely, if Trump emphasizes his controversial trade policies without providing satisfactory answers about their economic implications, skepticism in the markets could increase, leading to a negative sentiment. Overall, the forecast is cautious as markets remain on edge due to the proximity of the election and the uncertainties surrounding each candidate's policies.

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