Geopolitical impacts on the market are ‘very real’: Penny Pennington | Fox Business Video
Penny Pennington, CEO of Edward Jones, discusses the significant potential impact that the upcoming U.S. presidential election could have on the financial markets. The geopolitical climate and elections are highlighted as crucial factors that market participants should pay close attention to, suggesting that market volatility may increase as investors react to political developments.
Stock Forecasts
XLP
Positive
Given the potential for market volatility due to the upcoming U.S. elections and geopolitical tensions, investors may want to consider defensive stocks or ETFs that could weather such turmoil. Companies related to consumer staples or utilities tend to perform better in uncertain times.
SPY
Negative
On the other hand, companies in cyclical sectors such as technology and discretionary spending may see declines in stock prices if uncertainty around the election leads to reduced consumer confidence and spending.
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