- October 2024 Election Update: Navigating Market Impacts with Our Investment Insights
The 2024 election is just around the corner, and with it comes a range of policy proposals that could significantly impact the markets. At Legacy Private Trust Company, we’re closely monitoring these developments to help you stay informed. Below, we provide a brief overview of what our investment team discussed in our recent Election Update, highlighting key topics and explaining why they matter to your investments.
Key Topics Discussed in Our Election Update Video:
- Tax Policy and Its Market Impact:
- Both candidates have plans regarding the 2017 Tax Cuts and Jobs Act, which could affect individual and corporate taxes.
- Vice President Harris suggests allowing tax cuts to expire for high earners, whereas former President Trump aims to extend and even reduce corporate tax rates.
- How could this affect corporate earnings, and which sectors might see the most impact? Watch the video to learn more.
- Trade and Spending Proposals:
- Differences in trade policy could shape the cost structures for certain industries—Trump’s proposed tariffs versus Harris’s steady-state approach will mean varied impacts on businesses and market sectors.
- Both candidates plan increased spending, but their methods for managing the federal deficit differ widely. Discover the implications in our full video update.
- Political Landscape and Market Trends:
- With Congress divided and several key Senate seats up for grabs, what are the potential outcomes, and how could they influence market behavior?
- Historically, markets have performed well in election years, especially in November and December. Our video explains why maintaining a long-term strategy is key.
The Big Picture: What It Means for You
Election years often come with increased uncertainty, and this one is no different. Our investment team at Legacy believes in focusing on the long term rather than reacting to short-term volatility. Whether understanding the potential implications of tax changes or gauging how spending proposals might shift the economic outlook, staying informed is crucial.
We invite you to watch our full Election Update for a comprehensive view of how these proposals might impact different sectors and your investments. Our team shares actionable insights designed to help you confidently navigate these uncertain times.
To watch the full discussion and hear directly from Greg Hanson, Peter Schaefer, and Connor O’Brien, visit the Legacy Election Update Video.
https://www.youtube.com/watch?v=FWpFg0jhdu0
If you are a Legacy client and have questions, please do not hesitate to contact your Legacy advisor. If you are not a Legacy client and are interested in learning more about our approach to personalized wealth management, please contact us at 920.967.5020 or connect@lptrust.com.
This newsletter is provided for informational purposes only.
It is not intended as legal, accounting, or financial planning advice.
