Harris victory: Is the US monetary policy turned upside down?
Harris victory: Is the US monetary policy turned upside down?
On November 5, 2024, the US presidential election campaign is in focus, since the citizens have to decide between several candidates, including the democrat Harris. A possible victory of Harri could have a significant impact on the financial markets in the United States and influence the strategies of investors.
The first woman in the White House could not only be a symbol of progress, but also toast significant changes in monetary policy. During her campaign, she has already proposed tax reliefs for the middle class and price brakes for essential goods to reduce the economic loads that have increased during Joe Biden during the term. Harris continues to emphasize the independence of the Federal Reserve, which means that it does not intend to intervene directly in monetary decisions.possible market changes by Harris' politics
The financial markets could experience a wave of changes in the event of a Harris election victory. According to a survey among institutional investors, 50 % are willing to reduce their bond stocks if Trump is supposed to return, but only 23 % in the event of a Harris presidency. This suggests that bonds are seen as a secure system in volatile times and a combination of stable yields and security could offer against market fluctuations.
In the stock market, however, there are mixed opinions. John Paulson, a renowned hedge fund manager, warns of a possible crash and a recession, while others like Ed Mills from Raymond James rely on a possible recovery of consumer goods, especially if the Republicans keep control in the Senate. This could indicate that certain sectors, such as solar energy, could benefit from Harris' favorite role, which was already clear after their debut in front of the camera.
In addition, the gold price could increase, as observed in 2024. Lower interest rates and persistent political uncertainties could fuel the demand for the precious metal. Ole Hansen from Saxo Bank sees Harris's possible election victory for the role of gold as a safe port in turbulent times.
oil market under pressure
But not only the gold market could be affected: Harris' ambitious climate policy could put the oil price under pressure because it propagates a departure from fossil fuels into renewable energies. This could reduce the demand for oil in the long term. At the same time, geopolitical tensions in the Middle East could continue to ensure price fluctuations.
Another interesting aspect is the possible realignment of trade relationships, especially with China. While the bid administration is already trying to reduce tensions, Harris could be a stable but still critical relationship to protect American interests.
The development in the cryptoma markets remains uncertain under Harris. While Trump is considered an enthusiastic supporter of cryptocurrencies, Harris has not yet shown a clear position. The security -oriented attitude of the current government could continue with initiatives to regulate the market. Experts are kindly disagreed with their future politics, and many are excited to see in which direction the cryptoma markets could develop in a choice of Harri.
Investors, facilities and market strategies are put to the test with all these possible changes in the financial landscape associated with a Harris presidency. This is clearly shown in the wide range of opinions and predictions, which are expressed in the run -up to the election. The coming weeks will be decisive for the market dynamics and the economic orientation of the USA.For further information on this topic, see the current report on www.finance.ch .
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