It has been a few days since President Joe Biden’s announcement that he’s dropping out of the 2024 presidential election rocked the world. That has given us some time to think about the implications for the election, the stock market, and the future of our country.
On today’s new episode of the SteadyTrade Podcast, Tim Bohen and Matt McCall share their views of the historic decision. And more importantly, they discuss what it all means for your investments.
A new candidate will now face off against former President Donald Trump. That will have a major impact on both the outcome of the election and what the next four years and beyond will look like for Americans.As of today, it looks like it will be a showdown between Trump and Vice President Kamala Harris. But with the way things have gone so far, nothing is set in stone.
We should expect volatility in the stock market in the near term. But the big question is which sectors will benefit or be hurt by the candidates’ potential agendas. We’ve heard from Trump a lot over the last decade, and we’ve already experienced four years of him in D.C. That means we have a bit more certainty as to what he’ll do if he wins re-election.
We haven’t heard from Harris nearly as much. And she doesn’t have the track record for us to decipher what a potential victory would look like over the longer term.
So on the podcast, Matt and Tim focus on what a potential second Trump presidency would look like and what sectors would be affected. They discuss everything from the positives for fossil fuels, cryptos, manufacturing, and small caps to the negatives for renewable energy, electric vehicles, and China-based stocks.
Click here to watch the latest episode of the SteadyTrade Podcast now.