The Trump trade vs. the Harris trade: The areas of the market that could move big depending on who wins
Published On Nov 5, 2024, 2:11 PM
The recent presidential election between Donald Trump and Kamala Harris is expected to have significant implications for financial markets. Strategists suggest a contested election could negatively impact U.S. equities, while a clear outcome might lead to shifts in sector performances. If Trump wins, financials and cryptocurrencies could rally; however, a Harris win could benefit consumer goods and renewable sectors, as her policies are perceived as less detrimental. Popular strategies are being reassessed in light of these potential outcomes, especially as markets have reacted to polling shifts favoring Harris.