Dana Blankenhorn: Facing the Future • 79 implied HN points • 15 Oct 24
- The stock market is calm before the upcoming election, even though both candidates are playing on people's fears. It's interesting that business seems more relaxed than voters.
- The most likely outcome is a Kamala Harris win with a Republican-controlled Senate, which could lead to a stalemate that won't shake up the markets much. Businesses don't like uncertainty, and a stalemate is somewhat stable.
- Even if the Democrats win big, major changes are unlikely. Harris would need to work with Congress, and markets think she may not negotiate as effectively as Biden did. So, if business isn't worried, maybe the general public shouldn't be either.