09 Oct Harris versus Trump – implications for investors and Australia
Key Points
- The US election has significant potential to impact markets. A Harris victory would mean more of the same, but a Trump victory could lead to uncertainty particularly around trade.
- Australia would be vulnerable to a rapid intensification of trade wars which is looking likely under a Trump presidency.
- Historically, shares have performed better under Democrat than Republican presidents with the best outcome being a Democrat president and Republican House and/or Senate.