Although Citi Wealth does not believe that the elections would influence economic trajectory or the overall market potential, it highlights that there are many other risks, including potential inflationary shocks and unpredictable geopolitical flare ups.
Although the choice of US president would be critical for US foreign policy — with great importance for security and trade with some countries — the choice is highly unlikely to dictate the direction of the economy and overall market opportunity, according to Citi Wealth’s mid-year Wealth Outlook 2024.
In its report, Citi Wealth says it remains focused on the underlying value opportunities when the “noise level” increases, acknowledging that markets may become increasingly captivated by the unpredictable US presidential and congressional election results.
