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Trump’s 2024 presidential bid is a bad sign for markets

There was a time when President Donald Trump just announced his initial bid for re-election in 2024, and it caught markets off guard.

The stock market had been expecting a Trump presidency to continue for another four years, but now there’s a fresh wrinkle: the possibility that Trump could be a candidate in 2024.

That means that, even if Trump is defeated in 2020, he could still have a significant impact on markets over the next four years.

donald trump
Image Source: Wikimedia Commons

Trump’s 2024 bid could have a number of implications for markets, including:

  1. Uncertainty over Trump’s policies: Trump’s policies have been a key individual of market performance over the past four years. If Trump was not re-elected in 2020, it’s unclear what policies President Biden or President Warren would pursue. That could create uncertainty for markets.
  2. The Fed’s reaction: Trump has been a critic of the Federal Reserve’s monetary policy. If Trump is not re-elected, the Fed could pursue a more aggressive policy path, which could be positive for markets.
  3. Geopolitical risk: Trump’s policies have created tensions with some of America’s key trading partners. If Trump is not re-elected, it’s possible that these tensions could ease, which could be positive for markets.
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