According to Golden Finance, Lindsay James, investment strategist at Quilter Investors, said that US President Biden's withdrawal from the US presidential election and support for Kamala Harris has reduced the possibility of Trump's big victory, and the market may experience some volatility in the next four months. However, she wrote in a research report that compared with campaign news, expectations of rate cuts will still be the driving factor of market returns. She added that the market is increasingly pricing in Trump's victory, and small companies are partially boosted by expectations of widespread import tariffs.