Foreign, domestic, social, energy and all other U.S. policy directions are on the November 5 ballot. Meanwhile, incumbent President Biden has one of the lowest approval ratings in history. A New York jury recently convicted former President Trump on thirty-four felony accounts and faces a July 11 sentencing hearing. While he will appeal the conviction, he faces multiple other state and federal felony charges over the coming months.
Markets reflect the economic and geopolitical landscape, which remains a hornet’s nest of actual and potential problems. The election will likely be so close that each candidate could claim victory, igniting another U.S. and world crisis over the coming months. Market volatility creates many opportunities for nimble traders with their fingers on the pulse of markets, but it is a nightmare for passive investors who tend to panic when price variance explodes.
