Politics and the stock market – an HL fund manager’s view

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From the 2024 US election to the UK’s very own general election, HL Select Fund Manager Steve Clayton takes a look at the impact he thinks they will have on markets.

This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.

7 July 2023

Stock markets are many things. They generate wealth, allow companies to fund raise for investment, and they try to predict the future.

Markets are always trying to figure out what the future holds for companies. With this in mind, the next year or two are likely to see politics playing an unusually large role in investors’ thinking.

In 2024, we’ll see a presidential election in the US, the first EU parliamentary elections since Brexit and quite likely another UK general election. And India goes to the polls too.

So, a huge swath of the global economy is potentially up for a change in leadership in just one year.

The US seems likely to see Joe Biden standing for re-election. But against who? Donald Trump doesn’t yet