Portfolio October 2024

Donald Trump is gaining on Kamala Harris again. In a few days’ time, the US electorate will choose who they want to sit in the White House for the next four years, as well as deciding the balance of power in the Senate and the House of Representatives. Tension and volatility look a given here. But investors shouldn’t lose their cool in this situation.

The US electoral battle is now at fever pitch. The race for the presidency is on a knife edge above all in the swing states such as North Carolina and Michigan. Here, just a handful of votes could decide the outcome. We are expecting a tight electoral battle on 5 November 2024.

While the US labour market is recovering, growth in Europe has slowed. The European Central Bank therefore cut key interest rates in mid-October. Will further rate cuts follow? And what course is being adopted by the new President of the Swiss National Bank?

You can gain an insight into the repercussions of the current market environment for the portfolio and how our experts evaluate the situation in our latest edition of «Portfolio».