Economist uncovers the 'crazy stuff' that Americans could find out after the election

Published On Nov 6, 2024, 4:00 AM

Economist Peter St Onge is concerned about potential economic policies that could be revealed after the election, particularly under a potential Kamala Harris administration. He warns of policies like a wealth tax and price controls which could have negative implications for the economy. St Onge highlights that while Trump's past policies have emphasized deregulation and tax cuts, there are fears that more extreme leftist policies might return if he loses. This uncertainty creates volatility in the markets as investors are cautious about future economic directions.

Stock Forecasts

Given the potential for radical policy changes that could accompany a Harris administration, which St Onge describes as potentially damaging to economic growth, there is likely to be a negative sentiment in the market. Thus, stocks related to traditional energy and manufacturing may face downward pressure as investors anticipate these policy shifts.

Conversely, Trump's policy proposals, which traditionally focus on tax cuts and deregulation, could enhance the performance of sectors associated with growth if he retains control. ETFs that track the broader market or are aligned with pro-business policies may see positive momentum if Trump's earlier policies are expected to return.

Related News

Anchors were ready to camp out in the studio for days on end. Instead, Donald J. Trump declared victory in the early hours of Wednesday morning.

Investors celebrated former President Trump's win to become the 47th president of the United States, which will likely usher in pro-business policies.

SPY
DIA

Investors are in wait-and-see mode to find out whether Harris or Trump will win the US election.

IWM
MSTR
TSLA
JPM
SPY