How markets will respond to a Trump or Biden win

Both ageing candidates pose problems, but the objective is to make prudent, long-term financial decisions, regardless of the election result.

Tim MackayContributor

Feb 13, 2024 – 5.00am

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The prospect of Donald Trump securing a second term as president of the United States stirs passionate responses. A significant portion of people believes Trump’s re-election would be disastrous for the economy and markets; a similar number thinks the same about the potential re-election of Democrat President Joe Biden.

Nevertheless, investors should not overlook the likelihood of Trump 2.0. Polls not only tell us a second Trump presidency is possible, they tell us it is likely. Many Americans are buying what Trump is selling as he campaigns for the Repubican nomination.

Tim Mackay is an independent financial adviser at Quantum Financial.