đš The upcoming US election is relevant to equity markets, but it may not hold as much importance as some think! đ€
đ RBC Capital Markets Survey (Sept 11-20) with 116 analysts across sectors reveals:
- Neutral to slightly positive for many sectors
- Republican sweep (especially led by Trump) = đ bullish for Energy ⥠& Financials đŒ
- Democratic sweep (led by VP Harris) = đ bearish but mildly
đ Impact outside the US is even more subdued. Analysts from regions like Australia & Europe show limited concern đ
đ Short-term volatility is expected, but the main goal is to get through the event so investors know what to expect next. #CryptoNews #BinanceUpdates #FinancialMarkets #Election2024 #TrumpVsBiden