The chapter delves into the market's reaction to political news, comparing the market's perception of the Biden and Harris administrations with that of the Trump administration. It discusses how potential political changes like tax cuts and interest rates may influence market behavior, focusing on the upcoming Fed meeting and earnings reports from key companies. The impact of interest rates on consumers, particularly the middle-class, and the necessity of interest rate cuts before the election are also analyzed, along with discussions on market neutrality, client concerns, investment strategies, and diversification.
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Bloomberg Intelligence Senior Policy Analyst Nathan Dean explains how sectors, from banks to electric vehicles to big technology firms, will likely face a status quo policy environment under Vice President Kamala Harris if she were to win the presidential election in November. Bloomberg News Chief Correspondent for Global Macro Markets Liz McCormick and Bloomberg Intelligence Chief Equity Strategist Gina Martin Adams break down the investor’s reaction to President Biden dropping out race for the White House. Juliann Edwards, Chief Development Officer of The Nuclear Company, talks about plans to construct a series of nuclear power plants in the US. And we Drive to the Close with Chris McMahon, CEO of Aquinas Wealth Advisors.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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