A November Surprise That’s Jostling the Markets

Published On Nov 4, 2024, 7:43 AM

A recent poll conducted by Ann Selzer indicates that Vice President Kamala Harris has gained support, showing a three-point lead over Donald Trump in traditionally Republican Iowa. This shift comes as investors reassess the market sentiment towards the Trump trade, leading to a rally in bonds and a decline in the dollar and cryptocurrencies. The Selzer poll has affected political prediction markets, resulting in a decrease in Trump's odds of victory. Despite some skepticism about the poll's validity, it suggests significant momentum for Harris as election day approaches.

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The recent shift in polling and investor sentiment suggests that there may be increasing support for companies and industries linked to Democratic policies or candidates. Given the reevaluation of the Trump trade by investors, there could be potential investments in sectors that may benefit from a more progressive agenda, such as renewable energy or healthcare.

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