【The United States will hold the 2024 presidential election starting next Tuesday, and many major polls still show Trump and Harris in a dead heat】Golden Finance reports that the United States will begin the 2024 presidential election next Tuesday (November 5). Many major polls still indicate that Trump and Harris are evenly matched. Data from the Commodity Futures Trading Commission (CFTC) shows that hedge funds and managers have accumulated $18 billion in long dollar positions ahead of the U.S. election vote. Currently, Wall Street strategists generally believe that Trump's promise to impose tariffs will support the dollar at least in the short term. Hedge funds and other speculative traders expect that the potential impact of the election on the demand for safe-haven assets and the direction of tariffs will further boost the dollar. The market generally believes that Trump's proposal to cut corporate taxes will benefit corporate profits, so if he wins, it will boost U.S. stocks. In contrast, Harris's potential tax increase policies are seen as relatively bearish for the stock market. However, Bank of America and Citigroup have recently put forward opposing views. Analyst Marc Chandler stated, "Many of the positive possibilities for next week have already been priced in, so the risk tends to be on the downside." Gold recently hit a historic high but failed to break through $2,800. Notably, when the U.S. stock market fell on October 31, gold also experienced significant selling, almost as if it was being liquidated to meet margin requirements." (Golden Ten)
