Bloomberg Surveillance Big Tech Earnings & Election Momentum
Oct 31, 2024
In this insightful discussion, Monica Guerra from Morgan Stanley Wealth Management shares her take on how the 2024 election could sway investor sentiment. Dan Ives of Wedbush Securities reacts to Microsoft and Meta's earnings, highlighting the importance of tech in the upcoming reports. Brian Levitt from Invesco breaks down market drivers amidst political and geopolitical turbulence. Michael Froman, from the Council on Foreign Relations, delves into tariffs, giving a glimpse of what a Harris or Trump administration might mean for trade policies.
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Election Portfolio Positioning
- Focus on Congress's actions for sector and industry outlooks, as they significantly impact specific areas.
- Consider tax mitigation strategies based on potential tax changes arising from election outcomes.
Gridlock and Market Performance
- Markets favor gridlock, outperforming under split government and unified Congress with an opposition president.
- A split government scenario could lead to market stability due to balanced power.
Managing Election Volatility
- Maintain a long-term strategy despite potential volatility around Election Day.
- Avoid impulsive reactions to short-term market fluctuations and stick to disciplined investment plans.