Who is Wall Street betting on, Kamala Harris or Donald Trump? Here's what analysts are saying

Wall Street analysts are having a field day trying to assess the situation of the stock markets with regards to the US Presidential Elections 2024 race, as the popularity ratings and surveys of both candidates, are creating a major impact on stock trades in the US markets almost everyday.

What are 'Trump trades'?

A certain set of stocks, that were projected to skyrocket if Donald Trump is voted to power, is showing a rather shaky trend, once Kamala Harris started to gain stronghold in the US poll race, suggest analysts. These trades have started to wobble and with every major survey result, be it statewide or nationwide, the prices of the same are fluctuating like crazy.

Democrats taking market to a high?

The US market is on a significant rise, soon after the Democratic Party's new candidate, Kamala Harris' popularity ratings kept increasing over the past weeks. After a successful Democratic National Convention 2024, investors got the confidence of shying away from Trump trades, with options positioning showing that market traders are paying more for protection against volatility until the Election Day and the results that come in.

Are Trump-backed stocks sinking?

There are a few trades that are banking on the Donald Trump rise to the White House, which was earlier being observed as a major possibility when Joe Biden was still on the ticket. Therefore, private prison operators, arms companies, and others, who could benefit from Donald Trump being at the White House, were seeing a boom, soon after the US Presidential Debate 2024, where Donald Trump put on an amazing performance against Joe Biden, who kept faltering till the very end of the program.

However, things are now different after Harris has joined the US poll race.

FAQs:

Did Donald Trump beat Joe Biden in the US elections 2024?
No, Donald Trump did not officially beat Joe Biden in the 2024 US poll race, but the latter dropped out and endorsed Kamala Harris in his place instead.

Will Donald Trump appear for another Presidential Debate?
Yes, Donald Trump will again be seen appearing for a major US Presidential Debate on September 10, this time against new Democrat candidate, Kamala Harris.