HLAL - Quick Thoughts: Do Elections Matter For Markets?

March, 28 2024 09:35 AM Wahed FTSE USA Shariah ETF

2024-03-28 09:35:00 ET

Summary

In the US 2024 presidential elections, President Biden will stand for re-election, while former President Trump will challenge him. Several notable third-party (or “no-label”) candidates will also be on many state ballots and could prove difference-makers in November.
Presidential power is relatively limited in legislative matters unless majorities in both houses of Congress are the same party as the president. As US politics has become more partisan in recent years, legislation has been stymied by divided government.
Here we summarize the key policy differences the major parties offer, and draw broad conclusions about the implications of competing policy outcomes for capital markets this year and next.

By Stephen H. Dover, CFA, Chief Market Strategist, Head of Franklin Templeton Institute ...