US election debate generates more political than policy buzz

Wednesday 11 September 2024

Investment Talks

   

US election debate generates more political than policy buzz

September 2024 | The first debate between US presidential candidates Trump and Harris was a fractious exchange that shed little new light on policy details. Democratic candidate Kamala Harris was deemed to have performed better than her Republican rival Donald Trump, according to snap polls conducted after the debate. This implies that Harris will likely see an extension of the honeymoon period that has dominated since her nomination. While the US election debate was relatively disciplined and covered all the major domestic and foreign policy issues, it was light on the two candidates' policy agendas as both stuck to high-level answers with little in the way of specific measures or details of how they would accomplish their objectives.

01 |  The first, and potentially only, debate between US Democratic presidential candidate Kamala Harris and her Republican rival, Donald Trump, was held on September 10 and was light on policy details.

02 | Harris outlined her social spending priorities, while Trump highlighted his plan to deport millions of undocumented migrants and to hike trade tariffs.

03 | Neither faced detailed challenges on the fiscal and economic consequences of some of their key proposals.

US election debate generates more political than policy buzz

Important Information

Unless otherwise stated, all information contained in this document is from Amundi Asset Management as of September 11, 2024. Diversification does not guarantee a profit or protect against a loss. The views expressed regarding market and economic trends are those of the author(s) and not necessarily Amundi Asset Management and are subject to change at any time based on market and other conditions, and there can be no assurance that countries, markets or sectors will perform as expected. These views should not be relied upon as investment advice, a security recommendation, or as an indication of trading for any Amundi product or service. This material does not constitute an offer or solicitation to buy or sell any security, fund units or services. Investment involves risks, including market, political, liquidity and currency risks. Past performance is not indicative of future results. Amundi US is the US business of Amundi Asset Management.

RO ID# 3852217
©2024 Amundi Asset Management

Other news

IT - Fed to Commence its Easing Cycle
09/17/2024 Investment Talks

Fed to Commence Its Easing Cycle

The US Federal Reserve will begin its easing cycle this month, capping a remarkable period of restrictive monetary policy that has not been experienced since the early 1980s. The tighter policy stance has helped cool inflation and moderate economic activity. Now, the Fed hopes to ease off the policy brake in a way that preserves continued disinflationary progress towards its long-term 2% inflation target while also supporting their second mandate of "maximum employment". In this note, we highlight the uniqueness of this monetary policy cycle, how financial markets are anticipating significantly more policy easing than seen in recent easing cycles, and the financial market implications.

IT-Passive-to-Active
09/16/2024 Investment Talks

Passive to Active: Words of Wisdom from Ted Lasso

Passive strategies have generally have fared well over the past decade, which has made it easy to forget the long periods during which active managers outpaced passive approaches. The reasons we believe market concentration will decline include (1) a shrinking earnings advantage for the top ten companies, and (2) seemingly unsustainably high valuations. We believe investors may benefit from investing with active managers that thoughtfully select their exposure based on the earnings and valuation profile of each stock.

IT-Multi-asset-approach-FI-challenge
09/06/2024 Investment Talks

Pursuing Sustainable Income with a Multi-Asset Approach

While today’s capital market valuations reflect the general optimism that a recession can be avoided, we believe activity levels may continue to deteriorate during the months ahead. The rise in the cost of money during the past two years has proven moderately effective at crowding out spending by both consumers and corporations alike. We suggest investors keep this prospective outcome in mind as they evaluate potential investment strategies. By placing focus on a solution with less sensitivity to index composition, managers and investors are able to emphasize areas of markets with greater opportunity, while avoiding others where the risk and reward balance is unfavorable.