Voters across America are deciding between electing Vice President Kamala Harris and former President Donald Trump as the 47th US president. Evercore senior strategist Matthew Aks joins Market Domination to break down what each candidate’s respective policy agendas would mean for markets and the economy. “I think there are a few clear spots where you’re going to see major differences between Trump and Harris show up quite quickly,” Aks told Yahoo Finance. He notes that if Harris were to win, sectors like energy, healthcare, and financials could benefit. Conversely, a Trump win could lead to “big structural shifts” in areas like tariffs and immigration policy. However, Aks believes the federal deficit is expected to grow significantly regardless of who wins, with projections of a $3.95 trillion increase under Harris versus a $7.75 trillion rise under Trump’s policies. “One interesting area we’ll be watching closely over the next couple days is clean energy stocks,” Aks states, noting that Harris’s agendas would be better for this sector. However, he adds that with the increase in demand for energy, “I think either way, whoever wins, the next president is going to have to adopt something of an ‘all of the above’ energy strategy.”
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