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Hopefully your popcorn will be ready for the upcoming presidential debate between Biden and Trump (deadline is 9 p.m. New York time).
Bloomberg provided some helpful insights into what kind of topics might be important to markets:
- Topics such as taxes, tariffs, electric cars, semiconductors, and cryptocurrencies can be focal points of discussion.
- Stocks with significant exposure to China, such as Air Products and Chemicals, Celanese and Otis Worldwide, may be volatile due to trade discussions.
- Chipmakers with significant exposure to China, such as Nvidia, Broadcom and Qualcomm, could face volatility.
- Trump’s positive stance on cryptocurrencies could weigh on stocks like Coinbase, Marathon Digital, and Riot Platforms.
- Defense stocks like Lockheed Martin and Northrop Grumman may react to discussions about conflicts in the Middle East and Ukraine.
- Cannabis stocks, including Tilray and Canopy Growth, may move based on political discussions.
- Gun rights issues could impact shares of Smith & Wesson and Sturm Ruger.
- Pharmaceutical companies such as Pfizer and Johnson & Johnson may be influenced by populist policies from both parties.
Personally, I feel sorry for the next few months as we approach the election. The constant hesitation between the candidate, the naming and shaming, and of course the fact that the financial media will be overwhelmed by it all.
