
U.S. 2024 presidential election preview: Trump faces new adversary
- 14 August 2024 (7 min read)
Former President Donald Trump had been enjoying a lead in the polls, albeit a small one for many months. However, his lead increased after June’s televised debate raised further concerns about President Joe Biden’s fitness for re-election. After weeks of soul-searching, President Biden announced he would not stand for re-election and endorsed Vice President Kamala Harris. This was no coronation, but with Democrat heavyweights quickly joining in to also endorse Harris, Democrat hopes to avoid a messy selection seem to have been met, with Harris the likely nominee. Polls conducted immediately after showed Harris doing slightly better than Biden – even leading Trump in one poll. But we are cautious of whether such early polling will persist and on balance consider the likelihood of Trump regaining office as most likely, while acknowledging that Harris’ entry makes this less certain.
Disclaimer
Risk Warning
Investment involves risk including the loss of capital.
The information has been established on the basis of data, projections, forecasts, anticipations and hypothesis which are subjective. This analysis and conclusions are the expression of an opinion, based on available data at a specific date. Due to the subjective aspect of these analyses, the effective evolution of the economic variables and values of the financial markets could be significantly different for the projections, forecast, anticipations and hypothesis which are communicated in this material.
Disclaimer
This document is being provided for informational purposes only. The information contained herein is confidential and is intended solely for the person to which it has been delivered. It may not be reproduced or transmitted, in whole or in part, by any means, to third parties without the prior consent of the AXA Investment Managers US, Inc. (the “Adviser”). This communication does not constitute on the part of AXA Investment Managers a solicitation or investment, legal or tax advice. Due to its simplification, this document is partial and opinions, estimates and forecasts herein are subjective and subject to change without notice. There is no guarantee forecasts made will come to pass. Data, figures, declarations, analysis, predictions and other information in this document is provided based on our state of knowledge at the time of creation of this document. Whilst every care is taken, no representation or warranty (including liability towards third parties), express or implied, is made as to the accuracy, reliability or completeness of the information contained herein. Reliance upon information in this material is at the sole discretion of the recipient. This material does not contain sufficient information to support an investment decision
© 2024 AXA Investment Managers. All rights reserved.