2024 Election Impacts on Market Strategies

As the 2024 presidential election approaches, market investors are becoming increasingly cautious about potential volatility influenced by who will lead the nation. With about a month before the election, candidates Joe Biden and Donald Trump are shaping distinct economic policies aimed at addressing inflation, energy costs, and corporate regulations, which could heavily influence market sectors. Investors should be aware that regardless of the outcome—be it Trump or Harris—certain sectors may see varying degrees of benefit. For instance, a Trump victory could spur small cap stocks due to deregulation and tax cuts, while Harris might bolster the green energy sector in light of current administration policies. Additionally, the degree of control Congress holds post-election could impact how effectively either candidate implements their plans. Thus, investors are encouraged to consider incorporating inflation-mitigating assets and real estate investment trusts (REITs) into their portfolios as a protective strategy amidst the election noise.