Kyle Wool, CEO of Dominari Financial, suggests that the market is likely to experience a rally during the upcoming 2024 presidential election, based on the results and the implications they will have on the economy and inflation. The sentiment indicates that depending on the election outcome, this rally could extend beyond the election itself.
Positive
With a favorable election outcome resulting in pro-business policies and economic stability, industries like tech, energy, and healthcare could see a significant uptick, leading to growth in relevant stocks. Conversely, if the election leads to heightened uncertainty or unfavorable policies, we could face a downturn in sectors vulnerable to regulatory changes.
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.