“Depending on what industry and area you are in, you will have a favorite.”
While Trump is pro-business and focused on cutting red tape and taxes – and markets had an excellent run during his last presidency – Harris is less apprehensive on the subject of geopolitical risks, said Mona Heidari, senior financial advisor at BlueShore Financial .
This “contributes to stronger investor sentiment and investor confidence to invest in the stock market,” Heidari said.
Could the proposed measures boost inflation?
In a conference call to debate Gildan Activewear Inc.’s latest results, Chief Executive Glenn Chamandy said Thursday that tariffs could affect costs and result in inflation, but it surely was still unclear what their overall impact could be. He expressed optimism that Gildan wouldn’t suffer any disadvantages.
“When tariffs are imposed, they apply to everyone, so we are in the same position as we are today,” he told investors on the conference call.
Increased government spending – which each candidates are more likely to do – might be inflationary and slow price growth, said Kevin Headland, chief investment strategist at Manulife Investment Management. The same goes for tariffs and tax cuts, he added.
A mid-October report from TD Economics said that Democrats “have a historic lead when it comes to stock market performance,” but that this was likely a mirrored image of the state of the economy once they took office.
Currie noted that the health care sector typically performs worse in election years within the U.S., and this time isn’t any exception. Both parties wish to say within the run-up to an election that they’ll fight big pharmaceuticals and insurance firms, but their guarantees are frequently overstated, he said.
