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.
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.
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.
Oct 11, 2024, 1:58 PM
Prices in segments of the U.S. economy, like some imported goods, consumer electronics and gasoline, have deflated since September 2023.
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.