Thomas Peterffy, the chairman and founder of Interactive Brokers, expressed concerns about the potential impact of the upcoming U.S. elections on the markets. He believes that if a Democratic candidate wins in November, it could lead to an overextended market, suggesting a negative outlook under such a scenario.
Negative
If the elections result in a Democratic victory, particularly at the presidential level, the market may see a downturn due to fears of higher regulations and potential tax changes that could affect corporate profitability.
Capitalist Pig hedge fund manager Jonathan Hoenig weighs in on market rallies, his concern for everyday Americans amid inflation, and his stock pick.
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.
Slatestone Wealth Chief Market Strategist Kenny Polcari discusses the market rallying following the inflation report, Jamie Dimon's warning of geopolitical risks, and how he fared during Hurricane Milton.