Why Investors Should Avoid Trades Favoring Kamala Harris in the 2020 Election - Trump's Resilience Makes Him the Stronger Candidate, Says Alpine Macro
Investors and traders should proceed with caution when considering investments based on Kamala Harris's current polling strength in the upcoming presidential election. According to strategists at Alpine Macro, the race is still "Trump's to lose," despite Harris's recent surge in popularity among Democratic voters.
In a recent report, Alpine Macro highlights several key factors that suggest Trump has a stronger position in the race. While Harris has energized the Democratic base and secured the backing of most delegates, her appeal may be limited to left-wing voters, with little traction among centrist voters crucial in swing states.
The strategists also note that the Trump campaign has refrained from launching aggressive attacks against Harris, potentially waiting for the Democratic platform to be fully defined before intensifying their campaign. They point out Harris's vulnerabilities, such as being positioned to the left of Biden on policy matters and her lack of a compelling speaking style.
Ultimately, Alpine Macro maintains that Trump's support, especially in swing states, remains robust, indicating a structural improvement compared to previous elections. They caution against making trades based on Harris's current polling strength, as they believe Trump still has an edge in the race.
In conclusion, investors should be aware of the potential impact of the upcoming presidential election on financial markets. While the race is considered close, the analysis suggests that Trump's resilience and support base make him the stronger candidate. It is essential to consider these factors when making investment decisions in the current political landscape.