Presidential Election 2024

Donald Trump was elected the 47th President of the United States on Wednesday 6th November ensuring an unlikely political comeback after being voted out of office 3 years and 10 months years prior. Following Donald Trump’s victory the market, which has typically favoured the republican’s business friendly policies, has reacted positively with the S&P 500 up over 2.5% and the NASDAQ also rising almost 3%.

The recent victories in the popular vote, Senate, White House, and potentially the House of Representatives have generated significant market excitement. However, it is crucial to recognise that markets can be inefficient and driven by emotions. It is important to maintain a long-term perspective. The economy continues to decelerate, lending itself to caution in managing investment portfolios.

Read more about the market reaction below.