Quarterly Outlook
Macro Outlook: The US rate cut cycle has begun
Peter Garnry
Chief Investment Strategist
Head of FX Strategy
With the U.S. election around the corner, investors are preparing for how Trump and Harris policy scenarios could impact markets. Here’s a look at potential ETF strategies tailored to both scenarios, focusing on sectors likely to see movement based on each candidate's policy priorities.
If Trump returns to office, his policies are likely to prioritize energy independence, defense spending, and deregulation. This could favor sectors heavily focused on U.S. domestic markets and natural resources. Here are some ETFs that may align with a Trump administration:
If Harris secures the presidency, her policies are expected to focus on renewable energy, global cooperation, and technology investment. Harris’s approach could promote sustainable energy and global trade, creating opportunities in green sectors and possibly providing relief for Chinese equities, which could benefit from a more cooperative foreign policy stance.
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