This Tuesday, November 5, the election between Kamala Harris and Donald Trump will determine who will be the next president of the United States.
During this election day, global markets face high volatility as not only the future of the United States is defined, but also the course of strategic sectors in the coming years.
According to an analysis by JP Tactical Trading, investors are closely watching specific sectors such as renewable energy, housing, and technology, which could see significant changes if Harris, with her focus on green and equity policies, is elected.
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The continuity of climate initiatives, financial regulations and health reforms contrasts with Trump’s stance, who favors a more conservative and deregulatory policy. However, Trump’s economic policies, although sometimes outside of what the current president establishes, are more economically effective.
Market outlook following US elections
With the above, Juan Pablo Vieira, CEO of JP Tactical Trading, provides an analysis of how the presidential elections in the United States, which will be held this Tuesday, November 5, may impact the markets.
Sector analysis: key actions and expectations
- Technology and National Security: Both Trump and Harris have expressed intentions to restrict technology exports to China and to establish strict guidelines for artificial intelligence. Temporary volatility in AI stocks, such as Nvidia (NVDA) and Palantir (PLTR), could be offset by support for technological innovation, where giants such as Microsoft (MSFT) and Nvidia see growth potential in digital infrastructure and cybersecurity.
- Healthcare: Trump and Harris’ healthcare policies, aimed at reducing drug costs and expanding programs like Medicare, project a potential impact on companies like Humana (HUM) and UnitedHealth Group (UNH), which may benefit from increased insurance coverage under expansive public health policies.
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Performance of stock markets
Today, the S&P 500 index is showing a slight rebound of 0.16%, while the Nasdaq is up 0.25% and the Russell 2000 is up 0.18%, in a technical correction movement. This rebound reflects a market positioning in anticipation of the election results, suggesting that investors are anticipating scenarios based on the potential sectoral implications of each candidate.
Precious metals and cryptoassets
In response to political and geopolitical uncertainty, gold is experiencing a gain of 0.12%, consolidating at $2,748.9 per ounce. Investors maintain their preference for safe haven assets, reflecting a risk-averse climate. In cryptoassets, Bitcoin (BTC) is stable , with a marginal variation of 0.02%, trading at $68,846 , while participants in this market are also waiting for the US political definition before making substantial decisions.
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Currency Outlook: Dollar vs Colombian Peso
In the current context, the dollar shows an appreciation trend against the Colombian peso due to geopolitical factors and the US elections. External pressures, such as Fed policies and the risk of global volatility, point to a strengthening of the dollar in the short term, the tactical model anticipates a value for today between $4.376-4.444. Traders should carefully monitor monetary policy decisions and key events on the international scene that could influence the foreign exchange market, concludes the JP Tactical Trading report.
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