Former New York Stock Exchange trader warns of the significant market risks under both a Harris and Trump presidency.
Transcript:
STEPHEN GUILFOYLE: For the short term, if we were to have a Harris victory, because I don’t think it’s a runaway in either direction, although it’s starting to be portrayed that way. If we should have a Harris victory and the Democrats do well in the legislature, I think that means probably higher capital gains taxes. So that probably increases the tax loss harvesting season. It probably increases the profit taking season going into the new year. That’s her negative.
The Trump negative, if Trump should win and the Republicans do well, is sustaining the level of– going forward a little further out– is sustaining the level of foreign participation in our Treasury auction markets that we have had for quite some time, forever, really, as far as I’ve been following them. So we’re going to be challenged to stay friendly with those who we need to buy our treasuries. So there’s a negative for each side right there.
Subscribe |
Earn. Live. Invest. |
TheStreet Pro |
#donaldtrump #kamalaharris #election2024
source
