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Carlsquare weekly market letter: Can 2024 be a positive year because of the US presidential election?
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2024-01-17 08:20:00
There is a lot of fear in the market because 2024 is a big election year in many countries. What if Donald Trump is elected president again in the US?
On the other hand, all governments in power have an incentive to make 2024 a good year to increase their chances of being re-elected. This is certainly the case for President Biden in the US. In the short term, the equity market is still oversold. Once the overhang is cleared, we expect sentiment to improve as the real reporting season gets underway in a few weeks' time