The Market Brief
Hey team, Wall Street is getting ready for the presidential election, as the results could have a significant effect on where stocks end the year.
Let’s re-cap Monday’s session and see what’s coming next!
Impact Snapshot
🟥 U.S. Presidential Election - All Day
🟥 ISM Services PMI - 10:00am
🟧 10-y Bond Auction - 1:01pm
Macro Viewpoint
U.S. equity futures climbed as voting began on Tuesday in a closely contested presidential race between Donald Trump and Kamala Harris.
Traders are adopting a cautious stance following one of the most intense and turbulent U.S. presidential campaigns in recent memory.
Polls indicate a close race, raising the possibility of a contested outcome that could extend the vote-counting process for days, or potentially even weeks.
Across the markets, it’s clear that investors are hesitant to take definitive positions on the election. Uncertainty is evident across all asset classes, with the stark contrast between the candidates' agendas making caution paramount.
