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Market Flash

US election reaction

15 Nov 2024

Donald Trump has claimed victory over Kamala Harris, becoming the first president in more than a century to return to the White House after losing it. Heading into the election, polls had Kamala Harris a notch ahead in the popular race, which she has lost, while Donald Trump was marginally in front across swing states. And it was these swing states that have carried him to victory.

However, the polls had underestimated both the margin of Trump’s win and the potential for a clean sweep: Republicans have won the presidency and the Senate, and they’re on course to retain control of the House of Representatives. Controlling all three will allow Trump a freer hand to implement his policy agenda.

In this publication, Chris Arcari and Robert Kotlar explore the investment market reaction to the US election win and our thoughts on the potential impacts. 

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