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BCH $449.71 +2.20%
LINK $9.52 +2.95%
HYPE $43.60 -2.30%
AAVE $116.72 +10.06%
SUI $0.9993 +3.13%
XLM $0.1694 +5.52%
ZEC $332.71 -3.26%

Strategist: Biden's withdrawal may bring volatility, but interest rate cut expectations remain the main driver

2024-07-22 14:56:20
Collection

ChainCatcher news, Quilter Investors' investment strategist Lindsay James stated that President Biden's withdrawal from the presidential race and support for Kamala Harris reduces the likelihood of a Trump landslide victory, and the market may experience some volatility in the next four months.

However, she wrote in a research report that, compared to election news, interest rate cut expectations will still be the driving factor for market returns. She added that the market is increasingly pricing in a Trump victory, with small companies being buoyed by widespread expectations of import tariffs.

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