Stock markets will be volatile till the US Elections, says veteran Ed Yardeni

The US stock markets are currently in a very fragile state, and with the advent of September, things are becoming much more precarious as the nation inches closer to the polling date of the US Presidential Elections 2024. Ed Yardeni, a major economic expert, and also a renowned market veteran, is of the opinion that this volatile situation of the US markets is scheduled to continue.

Grid-lock could be the market's safest option

As per Yardeni, gridlock could easily be the US market's safest option at this point. This would help the markets attain bigger heights, even though the market scenario is still in a major volatile state. The new economic data, at this point, is quite weaker than usual, making it indeed a tough ordeal for the traders to trust the current market scenario.

With the US polls 2024 closing in steadily, there are major chances that the stock markets could go sideways, on the basis of surveys and polls, that may favor any of the Presidential candidates.


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S&P 500 still maintaining poor stats

S&P 500 depicted its worst output till date since the year 2022, losing nearly 3%, a huge daily drop for this premium asset, that has wiped millions from the market in a single day. However, this was not a surprise effect, as this stock has always seen a gloomy September for decades, and is simply keeping up with trend.

Some special 'Trump trades' stocks could also be game changers, looking at the fact that if the former US President is voted to power to the White House, these particular stocks could go through the roof.

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FAQs:

Are US stocks facing the heat of the US elections 2024?
As per the latest market trend, the US polls 2024 is clearly laying a major impact on some popular stocks in the US markets, leading to certain recession fears.

What are the popular 'Trump trades'?
Some stocks that are dependent on former US President Donald Trump being elected to power in the United States, is referred to as 'Trump trades'.