This year has several elections scheduled up but the one that poses greater risk to world´s market is the US November´s election. Both Trump and Biden are candidates for a second term in white house.

In this article:

1. Market Leaders stance

2. Who will be affected

3. How RC intends to navigate this

The 2024 US presidential election looks set to be a rematch of the 2020 election between Joe Biden and Donald Trump.

Market Leaders stance

Many have argued that Trump is a threat to the world’s economy and worldwide market stability, while Biden is favourable as he is more cooperative with other countries. Recently, in WEF yearly talks, ECB president Christine Lagard stated that she would take actions to fasten the growth of European economy by urging EU leaders to set aside their Idiosyncrasies and focus in the overall and broader development of EU goals as Former president Trump´s demeaner and unpredictable actions coupled with his “not so cooperative” policies may hinder the completion of agendas previously set. Those goals being: climate transition, digitalization, industrialization and self-sufficiency.

JPMorgan Chase CEO´s Jamie Dimon uttered words which may incline that he is in favour of Trump´s return to office. Stating that he was right about several things in the world and that he managed to make the economy grow beautifully which increased standard of living; however, later the Jamy mentioned that he is not a fan of the “ways/methods” employed.

Founder of Bridgewater Associates’ Ray Dalio seemed to be in the middle, stating that both candidates are a threat to the US and worlds economy. Emphasizing that what the US requires is a “bipartisan” and open-minded leader with focus on reducing the US debt. As always, he used the opportunity to alert investors in knowing their “neutral” portfolio as to not be severely impacted.

Who will be affected

It is not an understatement to say that all markets shall be heavily affected by this election and Business and investors alike ought to heed Ray Dalio´s alert in knowing their neutral point.

As this event shall breed a several uncertainties, there will also be opportunities for capitalisation across the entire financial market, such as: new Mergers & Acquisitions for strategical partnerships, shift of flows in international commodities trade, and creations of new project originated by new policies.

How RC intends to navigate this

At RC, we intend to make use of the “wait and see” approach to observe the following campaigns, deeply understand the candidates promises to the public and gauge markets sentiment in the matter to adjust to the upcoming uncertainty and volatilities. This will allow us to follow which markets are likely to have an immediate impact and invest accordingly, in some ways, looking at "neutral" vehicles of investment should the situation turn quickly or volatility in the market becomes a concern.

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Disclaimer:

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