Traders Game Plan What Biden’s Exit Spells for Global Markets
- Trump trade is likely to take a breather, BMO Wealth says
- Initial reaction is going to be positive for risk: Brandywine
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Markets already had plenty to deal with as summer kicks into full gear, from assessing the Federal Reserve’s interest-rate path to the heart of earnings season. But 2024’s presidential race keeps crowding into the headlines.
A week after an assassination attempt on Republican Donald Trump, President Joe Biden said Sunday he will not seek reelection and endorsed Vice President Kamala Harris to become the Democratic nominee. His decision less than four months from the November vote threatens to fuel gyrations on Wall Street, according to market observers.