As the election looms, global markets are poised on a knife-edge, with the two candidates presenting a stark contrast for the world economy. As investors craft their 'Presidential Portfolios,' a divided government might be the outcome, although whether this will lead to a united market or unprecedented volatility is yet to be seen. Conventional wisdom suggests that markets would favour a Trump presidency due to his pro-business stance, however, despite Trump's emphasis on tax cuts and deregulation being viewed favourably, his unpredictable and protectionist tendencies have previously caused uncertainty.
Alternatively, Harris, despite her progressive rhetoric, represents continuity and predictability, which the market typically values, yet concerns about increased corporate taxation and regulation might temper enthusiasm. The next president won't just be shaping domestic policy they'll be moulding the economic destiny of nations across the globe, so the stakes have never been higher.