Trump assassination attempt: Wall Street strategists discuss election implication
The recent assassination attempt on former President Donald Trump sent shockwaves around the U.S. and globally. As the country grapples with the potential implications of this event, Wall Street strategists are keenly analyzing how it might influence the upcoming election.
To shed light on the possible repercussions, five prominent Wall Street strategists released notes providing their insights on how the shocking incident could shape voter sentiment, market volatility, and the broader electoral outcome. Their perspectives highlight the complexities and potential ramifications of this unprecedented situation.
“In the short-term, republican agenda seems to focus on cutting taxes, reducing transfer benefits, constraining immigration, deregulating industries, and tariffs. All of these are likely to raise deficits, aggravate inequalities and raise inflation. But, at the same time, these might boost short-term corporate ROEs and selectively benefit a few industries .”“One of Gavekal’s go-to lines is that money managers are not paid to forecast, but to adapt.
“A key question will be how the assassination attempt affects swing voter Attitudes,” stated UBS. “President Reagan saw an immediate increase in his popularity following the attempt on his life in 1981, though the bump in support ebbed within three months following the incident.”
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