Do the markets care about who the next U.S. President will be?
Article by AJ Bell
It is a year to the sixtieth US Presidential Election, on 5 November 2024, and although financial markets are more concerned right now about US Federal Reserve policy, inflation and events in the Middle East, they will soon start to take a keener interest in the race to the White House.
A repeat of 2020’s Biden-Trump contest is on the cards according to early opinion polls and if they prove accurate then America will get its first Presidential rematch since 1956. Biden may well welcome that precedent, since that was when Dwight Eisenhower beat Adlai Stevenson for the second time to retain the Presidency (even if the two-time victor was a Republican).