Covington & Burling LLP’s Post

Under Biden Harris, America was going in wrong direction on all levels. Trump Vance win has altered that course already but those who fear or worry that they will somehow suffer, shouldn’t. Women will prosper and grow. The first appointment by Trump is a woman who will be the WH Chief of Staff, a very important position. There will be more, watch and see. Those who fear the loss of jobs will be surprised by the recreating of level playing fields instead of “picking winners and losers” as Dems have done for decades. In other words, if you know how to compete and capture markets, you’ll succeed. There is nothing easy to do right now b/c there is such a mess and lots of cleanup on aisle 3. It will get done b/c it has to be done.

Announced on Fox News, Donald Trump receives more than 270 votes and will become the 47th President of The United States 🇺🇸. It is said that this particular victory ✨ could have a widespread implication across the economy. As many people has been highly anticipated with the result 🏆 and how it would affect the market 📊, here is the breakdown to understand. - Rise in US equities ⬆️. - Volatility in bond yields 🤩. - Increased oil production 🛢️. - Financial deregulation 💰. Various sectors would immediately take affect after the win of Donald Trump 👍 and opportunities emerging for both short-term gains and longer-term trading strategies 📈. Sectors such as financial services 🏦, energy 🔋 and technology 🦾 are expected to react. Source: https://lnkd.in/g3j2sEQf #uselections2024 #DonaldTrump #47thpresident #usa #VantageMarkets

If you missed Frances Donald's take on Fed policy, watch the replay here: https://lnkd.in/ecMKy7eS #Webinar #EconomicUpdate #EconomicPolicy

If you missed Frances Donald's take on Fed policy, watch the replay here: https://lnkd.in/gSHM_rNm #Webinar #EconomicUpdate #EconomicPolicy

The Final Countdown: Harris vs. Trump in the Presidential Race As the presidential race reaches its climax, Kamala Harris and Donald Trump are making their final pitches in key swing states. Harris is emphasizing her economic platform, while Trump continues to make claims about election fraud. Both teams are gearing up their governments-in-waiting, preparing for the outcome of one of the wildest campaigns in decades. Market Reactions: - The dollar has experienced its largest drop in over a month. - Traders are adjusting their positions, with some pulling back on “Trump trades.” - Speculators are liquidating US bond positions. - The “fear index” is signaling increased market volatility. Stay tuned for more updates as we approach Election Day. Your thoughts on the candidates’ strategies and market reactions are welcome!

Joe Biden threw in the towel and announced that he quits the presidential race this weekend. The early polls show that Harris is a favourite to become the new Democrat nominee, but that Donald Trump is still expected to win the November’s presidential election. The Trump trade could lose some steam but will probably not get reversed if Harris doesn't make a material difference in the polls quickly. The latter expectation was reflected with a brief post-announcement selloff and a rebound in Bitcoin. The US dollar is slightly softer across the board. Stock futures in Europe and the US are in the green while the Treasuries show muted reaction with small gains at the beginning of a new week. But the week started looking unappetizing in Asia. Equities in Australia and China fell despite a surprise rate cut announcement from the People’s Bank of China (PBoC), while TSM kicked off the week with a 3% fall after last week erased more than 3.5% from the technology-heavy Nasdaq stocks in the US. The S&P500 fell nearly 2% over the week, while the Russell 2000 printed a 1.50% advance despite erasing more of the earlier gains on Friday. Markets will focus on US GDP update, core PCE index and earnings from Tesla and Google this week.               #Biden #Trump #trade #USD #Bitcoin #chips #earnings #TSM #Tesla #Google #SPX #Dow #Nasdaq #investing #trading #equities #stocks #cryptocurrencies #FX #bonds #markets #news #Swissquote #MarketTalk #marketanalysis #marketcommentary

The Final Countdown: Harris vs. Trump in the Presidential Race As the presidential race reaches its climax, Kamala Harris and Donald Trump are making their final pitches in key swing states. Harris is emphasizing her economic platform, while Trump continues to make claims about election fraud. Both teams are gearing up their governments-in-waiting, preparing for the outcome of one of the wildest campaigns in decades. Market Reactions: - The dollar has experienced its largest drop in over a month. - Traders are adjusting their positions, with some pulling back on “Trump trades.” - Speculators are liquidating US bond positions. - The “fear index” is signaling increased market volatility. Stay tuned for more updates as we approach Election Day. Your thoughts on the candidates’ strategies and market reactions are welcome!

The drama of the election season is intensifying. President Biden's recent interview with ABC's George Stephanopoulos, aimed at recovering from a disappointing debate performance against Donald Trump, left many questions unanswered. This has stirred more political uncertainty, with investors closely watching the unfolding events. Polls and betting sites currently favor Trump, impacting market trends. Despite market volatility, a strong rally is anticipated towards the end of the year, with significant interest in the performance of growth stocks and the technology sector. Stay tuned as the election cycle progresses and market dynamics evolve. Read our latest Week Ahead here: https://lnkd.in/e-vvJ6Bg #CredoWealthManagement #WeekAhead #ElectionCycle2024 #MarketDynamics

Biden drops out of the presidential race! Announced on his X account just now. The decision has been expected by the markets for some time, but it’s now been made official. Biden has also come out and endorsed VP Harris, saying: "Today I want to offer my full support and endorsement for Kamala to be the nominee of our party this year." In the greater context, Trump is still the favourite to win the election per the latest data. However, it’s not a complete given. The race for the House is also a factor to watch closely. What’s most interesting though is how this translates to the FX and bond markets. Seasonality for bonds look constructive for the next few weeks, which means downside on yields. However, looking at the blend of factors being mixed into markets at the moment, from anticipated Fed cuts, to continued developments in the political landscape - this is certainly setting a very interesting space for the markets. #us #politics #biden #trump #geopolitics #markets #macro #bonds

As we come to the end (of the beginning) of the US election drama, here is a reminder of what really matters, at least with regards to investing. Be patient and don´t listen to the noise. The chart shows what would have happened to $1k invested in stocks since 1953 in three scenarios: if you were invested only during Republican presidencies, only during Democrat presidencies or if you stayed invested all the time. The power of compounding never ceases to amaze me.