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Trump trade: Bitcoin hit record highs and Tesla hits $1 trillion market cap
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How will the 2024 U.S. presidential election affect your investments?

How will the U.S. presidential election affect your investments? How would Trump $Donald Trump (LIST22962.US)$ or Harris $Kamala Harris (LIST22990.US)$ victory impact the trends of assets such as U.S. stocks, U.S. bonds, gold, and others?
How will the 2024 U.S. presidential election affect your investments?
1.US stocks
If Trump wins, U.S. stocks may see gains in Consumer Discretionary and Communication Services due to expected tax cuts. Energy sector could benefit from increased drilling but face risks of oversupply. Overall, tax cuts could boost profits, yet tariffs might spark inflation concerns impacting the market negatively.
Harris's potential tax hikes may impact sectors oppositely to Trump. Housing could benefit; renewable energy stocks may rise. Markets, boosted under Biden, could continue thriving if Harris wins.
2.US bonds
If Trump is elected, stronger inflation expectations in the U.S. could lead to a decline in U.S. bond prices if the Fed raises rates to combat inflation.
If Harris is elected, her policies are seen to bring less inflation pressure, resulting in stronger expectations of rate cuts and thereby boosting bond prices.
3.US dollar
Trump's tax plan and protectionist trade policies are believed to boost the U.S. dollar, as the Fed may tighten monetary policy due to inflation.
B. With a high probability of Harris's administration continuing Biden's policies, the U.S. dollar is more likely to weaken.
4.Cryptocurrency
Both presidential candidates support the cryptocurrency industry, and the upward trajectory of Bitcoin will not be influenced by whoever wins the election. $Crypto (LIST20010.US)$
5.Gold
If Trump is elected, gold's expected performance may be better. 57% of respondents believe that if Trump wins, the price of gold will continue to rise in the next year, while 45% think that a Harris victory would drive the price of gold higher. $Barrick Gold (GOLD.US)$
How will the 2024 U.S. presidential election affect your investments?
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
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