US Presidential Election global financial market impact!
In the 2020 US presidential election, developments are likely to be even more surprising than the 2016 race and the impact on financial markets will be just as unexpected.
In 2016, the presidential election race took place between Donald Trump and Mrs. Hilary Clinton. It was a race filled with surprises. For example, before the official election day, according to surveys, candidate Hilary Clinton was ahead of Donald Trump, the current US President.
Meanwhile, the global financial market also has disturbing factors and impacts on the US presidential race. For example, the price of gold at that time was almost flat and the USD rose. But at the decisive moment, when Mr. Trump became the one to turn the tables, lead Mrs. Hilary Clinton and win, the financial markets also changed almost 180 degrees.
Asian time, US stocks closed and only the derivatives market continued to trade, Dow Jones, Nasdaq and S&P 500 fell sharply on futures index. Then, as soon as the session reopened in Asian time – the day President Trump took office, US stocks fell at the beginning of the hour and then rebounded sharply at the end of the session, surpassing the peak set up earlier.
Which means, contrary to previous comments, if Mr. Trump was elected again, the financial market volatility surrounding the US presidential election, will be even more surprising.
This year, the S&P 500 and Nasdaq surpassed COVID-19 and set the records of all-time, especially the remarkable growth of technology stocks leading the markets. In particular, shares of Tesla of billionaire Elon Musk, have increased 10 times, compared to 2019.
These factors resonating with the results of the race for the US presidential election, will bring total surprises to the US financial market in particular and the global financial market in general.