Investors hoping for a business-friendly approach from Vice President Kamala Harris are "likely to be disappointed," according to a research note from analysts at Evercore ISI.
In her upcoming economic speech in North Carolina, the firm says Harris is expected to focus heavily on consumer costs, advocating for policies that may not align with business interests.
Evercore ISI notes that Harris's economic agenda appears geared toward addressing voter concerns about costs rather than appealing to business interests.
With the election looming, the firm suggests that Harris has limited time to define her economic policies and differentiate herself from Trump, particularly as she remains closely tied to the Biden administration's agenda.
Overall, Evercore states: "Those investors who were hoping to see VP Harris pivot to more business-friendly ideas in her first economic laydown are likely to be disappointed. She is focused on ideas that will address many voters’ biggest concern – costs."
Analysis:
Vice President Kamala Harris's economic agenda, as revealed by the Evercore ISI research note, is focused on consumer costs and policies that may not align with business interests. This indicates that Harris is prioritizing addressing voter concerns about costs rather than appealing to businesses. Investors hoping for a more business-friendly approach from Harris may be disappointed, as she continues to emphasize consumer protection and cost reduction in her economic policies. As the election approaches, Harris has limited time to define her economic stance and differentiate herself from Trump, especially considering her close ties to the Biden administration. This highlights the importance of understanding how Harris's economic agenda could impact businesses and investors in the coming months.