Portfolio – Update

Over the last few months, the financial markets have repeatedly reacted to fluctuations in the latest polls on the 2024 US presidential election – particularly after the challenger on the Republican side turned out to be Donald Trump. With the withdrawal from the race of incumbent President Joe Biden and the nomination of Kamala Harris, the outcome of the election was thrown wide open again. A neck-and-neck race had long been on the cards. As of yesterday, we know that Donald Trump will be the next occupant of the White House. The Senate too will fall into Republican hands, whereas the composition of the House of Representatives will not be known for some weeks yet.