The upcoming U.S. presidential election on Nov. 5th could have a significant impact on the stock market. Both former President Donald Trump and Vice President Kamala Harris are in a dead heat according to the latest polls, but the market seems to be anticipating a Trump victory based on recent performance in financial stocks and bond yields. The true implications for investors may lie in which party controls Congress, rather than who wins the presidency. A divided government could lead to a relief rally in the market, while a sweep by either party could result in more significant changes to tax and spending policies. The outcome of the election, as well as potential Federal Reserve actions, will be closely watched by investors in the coming weeks.
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