US market rallying at prospect of Trump victory following shooting incident: Geoff Dennis
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Recent political violence in the US has led to market speculations favoring a potential Trump re-election. Analysts anticipate rate cuts and inflation concerns in the coming years. Geoff Dennis, an independent EM commentator, believes that the shooting incident will increase the chances of ex-president Trump winning the election. The market is rallying in equities based on this belief, with investors thinking that Trump's victory would bring potential tax cuts. However, this bullish news for equities is a short to medium-term view, not necessarily a long-term view. Rate cuts are expected in September and December, and the longer-term outlook for the fiscal deficit is not good under both presidents.
#UsMarket #TrumpVictory #ShootingIncident #RateCuts #InflationConcerns #Equities #TaxCuts #FiscalDeficit
https://m.economictimes.com/markets/expert-view/us-market-rallying-at-prospect-of-trump-victory-following-shooting-incident-geoff-dennis/articleshow/111770830.cms
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