2024-10-31 17:55:08
Politics
USA
Stocks

High Stakes in the 2024 US Election

Image courtesy of : AFP (SAUL LOEB)

The 2024 US presidential election is shaping up to be a highly contested battle between Kamala Harris and Donald Trump. Recently, data scientist Thomas Miller revised his forecast, predicting a Trump landslide with 345 electoral votes. This prediction, based on betting odds, has sparked discussions about market biases favoring Republicans.

The election landscape shifted dramatically when Joe Biden endorsed Harris, intensifying her race against Trump. Despite Harris holding a slight lead in national polls, experts caution that these numbers are fluid and can change as the election nears, particularly in swing states.

Market reactions to the election outcome are anticipated to be significant. A Trump victory might buoy stocks due to his proposed corporate tax cuts, while Harris’s plans to raise taxes could weigh on the markets. Additionally, Trump's stance on trade tariffs poses potential risks to global economies, notably impacting German exports.

The cryptocurrency market could see a boost under Trump, who has spoken favorably about digital currencies. Meanwhile, gold prices are projected to rise, serving as a hedge against fiscal uncertainty. With the election date approaching, both financial markets and political landscapes remain in flux, underscoring the high stakes of this pivotal election.

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Grim Expert Forecast for the US Election: Looming Trump Landslide

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Expert forecast for the 2024 US election: Possible Trump landslide victory; Data scientist Thomas Miller changes his prediction to a Trump victory with 345 electoral votes; Forecast model based on betting odds; Trump's chances increased according to the stock market model, Democratic candidate Harris only has a 70% chance of winning; According to Miller, the prediction markets are biased towards the Republicans; Increased trading and high volatility expected in the final week of the election c..
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Politics
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Article from our partner portal 'Economist' - Just before the election, Trump opponent Harris is troubled by a major concern

Politics
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The US presidential election is very close; the Trump campaign spreads optimism; polls show a tight race between Harris and Trump.
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