The road to the White House currently looks like a rematch between President Joe Biden and former President Donald Trump. Economists at Citigroup explain why not wait to invest until after the US elections.
Markets are likely to go up no matter who wins in the US
The S&P 500 has posted a positive return in 13 of the last 15 Presidential Election years.
Only if there is a major geopolitical event or a radical change in policy after the US elections might there be a negative tilt in economic activity.
Meanwhile, this phase of normalization and growth, of resilience and reshoring will continue, driving future corporate profits and markets higher.
Source: https://www.fxstreet.com/news/the-sp-500-has-posted-a-positive-return-in-13-of-the-last-15-presidential-election-years-citi-202402091600