Despite political drama, stock market professionals are focused on economic factors rather than election results.


Portfolio Off-Kilter? Could Be Time To Rebalance It

What Presidential Election? So Far, the Stock Market Doesn’t Care.

Traders appear to be focused on possible Fed rate cuts and corporate earnings, and are remarkably indifferent to political fortunes, our columnist says.

With the Republican Convention behind us, the Trump-Vance ticket is the favorite in polls and in markets where you can predict the winner of the presidential race.

The stock market has absorbed this information and more. This past Monday, when markets in New York reopened after the attempted assassination of former President Donald J. Trump on Saturday, stocks rose. They did so again on Tuesday, but fell the rest of the week.

Celebratory T-shirts are on sale, showing Mr. Trump’s defiant, blood-streaked, near escape from death, as an American flag unfurled against a blue sky.

To continue reading, view the full article on the New York Times website here: https://www.nytimes.com/2024/07/19/business/trump-biden-stock-market-economy.html

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