Trump & Harris in the debate: what we should know about Harris trade
In the previous article, we introduced "Trump Trade" strategy. According to RCP poll, as of August 30, Harris's chance of being elected was 48.1%, ahead of Trump's 46.3%. At this point, it is time to talk about "Harris Trade".
Source: Realclear Polling. Data as of August 30, 2024.
1. Core: Reducing the cost of living
In Harris's economic policy speech, the focus is on reducing the cost of living, outlining proposals on taxes, housing, prices, and healthcare.
Regarding housing, she said that subsidies of up to $25,000 will be provided for first-time homebuyers, with the goal of constructing 3 million new homes in her first term. Builders constructing houses for first-time buyers will also receive tax incentives.
On the issue of tax cuts, the plan includes expanding labor tax exemptions, reinstating the $3,000 child tax credit policy from the pandemic period, and introducing a new $6,000 tax credit for newborns.
In terms of healthcare, there will be price caps on certain drugs, aiming to lower drug and health insurance expenses.
According to the Congressional Budget Office (CBO) estimates, these measures could lead to an increase in the U.S. deficit by $1.7 trillion over ten years. If the temporary housing policies are made permanent, the deficit could grow to $2 trillion.
2. Trade: A relatively dovish attitude towards exports from China
Trump’s previous remarks on high tariffs on China triggered pessimistic market expectations, and export chain-related sectors such as machinery and equipment, communication equipment, and consumer electronics fell sharply.
Harris advocates the normalization of trade with China and the restoration of normal tariff levels. If Harris is elected, the previous market tension may be relieved, and the asset prices of key export industries and enterprises may have a rebound opportunity after the release of emotions.
1. Crypto-friendly stance
While Harris hasn't personally endorsed cryptocurrencies like Trump, the Democratic Party remains open to them.The market anticipates Harris will take a more moderate stance than Biden.
$Coinbase (COIN.US)$ CEO Brian Armstrong believes crypto supporters are becoming an important voting bloc, catching the attention of both parties. This underscores the industry's growing political influence ahead of the election.
For more on the stance towards cryptocurrencies, refer to this course: Outshining Trump: how to bet on "Harris Trade"
2. Policy support stocks
In many areas, Harris continues to follow Biden's lead. For instance, she encourages the development of clean energy and the electric vehicle industry in the energy sector and insists on international cooperation over isolationism in foreign and trade policies.
Additionally, the Democratic Party remains positive about marijuana legalization, encouraging states to decide its legality independently.
If Harris is elected, it is expected to benefit a large number of industries, including renewable energy companies and related manufacturers, electric vehicle manufacturers, utility companies, etc.
Based on these policy directions, moomoo has compiled a list of some Harris-linked stocks for users to consider: go to moomoo> markets> investment themes> Kamala Harris.
The company mentioned is for illustration purposes only, and any statement involved does not constitute investment advice.
As a comparison, moomoo has also compiled a list of some Trump-linked stocks: go to moomoo> markets> investment themes> Donald Trump.
The company mentioned is for illustration purposes only, and any statement involved does not constitute investment advice.
- Politicians often adjust their strategies based on changing public opinion and circumstances, so current policy statements may not be implemented as planned. Harris-linked stocks may fluctuate greatly.
- Although Harris is currently ahead, the race remains tight with no clear leader. It is too early to draw a conclusion now. Investors still need to pay attention to the next few important nodes. On September 10, Eastern Time, Harris and Trump will debate on ABC News. Who will win? Let us wait and see.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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Hoes for Harris : Harris is not leading in the polls. Quit believing everything the mainstream media shoves down your throat. This election will not be close
FANCY PANTS Hoes for Harris : Oh, naive child. You are in for a rude awakening.
Shootingstar : rigged elections. money always wins
Stoneheart : It's always big talk. You can never trust politics. You just gotta keep your eyes and ears open. Make informed decisions
70854386 : This is ridiculous
It’s impossible for Harris to do a better job than Donald trump so the thought of her leading in any poll is laughable at best. The lies are thick as thieves!
#fakenews
71075403 : Harris isn't leading in the polls
Liquid Treasure : The only poll that counts are real votes on Election Day.
Sean Parker : yeah okay lol. just like clinton did. this is just trying to get people not to vote for trump acting like she already won.
72098095 FANCY PANTS : You are the naive one. You should put the kool-aid down and quit watching the news.
N8TIV3 : NOW IM PULLING ALL STOCKS FROM THIS PLATFORM AND DELETING THIS APP THANK YOU
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