US Presidential Elections 2024: Impact on your investment strategy, key sectors to watch ahead of November’s vote - Investing Abroad News | The Financial Express
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As the US Presidential 2024 campaign intensifies and Kamala Harris leads in polls, global investors are taking steps to navigate potential market turbulence; According to the latest Morning Consult survey, Harris holds a narrow but significant lead, with 47% of voters supporting her compared to Trump’s 44%; Under a Harris White House, protectionism would likely take on a more targeted form, focusing on specific areas where US industries face unfair competition; Investors with significant exposure to companies dependent on Chinese manufacturing or exports may need to reassess their risk profiles; Harris’s likely emphasis on strengthening alliances and re-entering multilateral trade agreements could benefit sectors that have been destabilized by Trump’s more isolationist policies; The push towards renewable energy is expected to gain considerable momentum under a potential Harris administration; A Harris administration could prioritize expanding access to healthcare and increasing funding for health tech, telemedicine, and pharmaceutical research; Tax policy could change significantly with a Harris presidency, including higher capital gains taxes and increased corporate taxes; Safe-haven assets like US Treasuries and gold may become increasingly attractive as election uncertainty peaks; Building up a cash reserve ahead of the election is a strategic move worth considering
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https://www.financialexpress.com/business/investing-abroad-harris-vs-trump-navigating-the-market-volatility-amid-us-presidential-elections-in-november-3584408/
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