With the verdict in former President Trump’s criminal trial looming, investors are wondering whether this development will impact the upcoming presidential race and the financial markets. AGF Investments Chief US Policy Strategist Greg Valliere joins Catalysts to discuss this topic.
Valliere notes that Trump’s legal challenges are unlikely to significantly impact his ability to secure a victory. Instead, he suggests that the upcoming debate between Trump and President Biden will be more influential in shaping the electoral landscape. He highlights that Americans are primarily concerned about inflation, the state of the economy, and how a presidency under each candidate would fare for the markets.
“I think the markets are uneasy, regardless of who wins, over A: spending and inflation and the deficit, and B; the likelihood that both Biden and Trump are gonna be protectionists. Both of them have sounded very hawkish toward China, so I think …. complicating all the geopolitical stories, you have the likelihood of a trade war,” Valliere told Yahoo financial.
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