In the final days of this election, the finance industry is acting more like risk-averse investors, reflecting unease in betting markets as odds converge for Trump and Harris.
'Most of us are investing for years and decades, not days. We should be meticulously watching the economy, not reacting to headlines,' said Callie Cox, underscoring long-term investment strategies.
Trump trades have deflated, with companies like GEO Group plunging 15%, while Bitcoin dropped over $5,000 from its peak, indicating investor uncertainty.
As odds edged slightly in Trump's favor, the overall market sentiment revealed a cautious approach, with major assets like U.S. Treasury bonds showing resilience despite predictions of inflation.
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