While the US is on holiday, its maybe time to consider the biggest threat to market-political stability in 2024 – the US electoral cycle. It’s a pretty binary – Trump or anyone else. At present Biden is setting up to lose – anyone else would likely win.
US Midterms were a mild win for Republicans, a loss for Democrats, a Big Win for Democracy and a Massive Defeat for Donald Trump. That’s all great news for markets and the global economy.
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