Biden vs. Trump debate: what Australian investors should know
In their first debate (11am Jun 28, Sydney Time), President Joe Biden and former President Donald Trump will face intense scrutiny over their age and stamina. Unlike Australia's federal election debates, which are considered ineffective and have minimal impact on voter decisions, the United States election debates are highly consequential, drawing massive viewership and significantly influencing voter opinions. At 81 and 78 respectively, their ability to handle another term is a key voter concern. The 90-minute debate in Atlanta, without a live audience, will focus on policy differences and personal fitness, with strict rules ensuring an uninterrupted comparison. This pivotal moment could shift the tight race as voters begin to decide.
Australian investors should be keenly aware of the potential market implications. The debate not only carries weight for U.S. policy but also for global markets, including the ASX. Share your idea here with mooers!
Back in September 2020, following a chaotic first presidential debate between Trump and Biden, the Australian stock market experienced a significant drop, losing around $40 billion in market value due to heightened investor concerns about the U.S. election outcome. Despite initial gains from positive Chinese economic data, all ASX sectors saw heavy losses, with ASX200 down 2.3% and oil stocks leading the decline.
Fast forward to 2024, Biden’s focus on renewable energy while Trump’s stance on deregulation and tax cuts could reinvigorate interest in traditional energy and financial sectors. Check out stocks that could benefit from Biden or Trump win. Learn More>>
Whether it’s renewable energy, crypto, traditional energy, or financial sectors, the debate could provide valuable insights for making informed investment decisions. Stay informed, Safely test new trading opportunities and compete for 10 NVIDIA shares in paper trading competition!
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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ArcherZ : I think with a Trump administration, we see expansion of cryptocurrency. With Trump, many institutions endorsing cryptocurrency will favour him. Many of the top institutions are from Jewish backgrounds like Blackrock.
151755852 : Fine
151891691 :
152292715 : I think Trump has this