Less Impact Than You Might Think

This podcast episode explores the potential impact of elections on global markets, specifically focusing on the U.S. elections and recent elections in Europe. The analysis suggests that historically, elections have not significantly affected stock returns, bond yields, the dollar, or gold. However, the performance of markets post-election can diverge based on factors such as the tightness of the election and the unity or division of the government. Despite this, the bullish view on European and Indian equities remains unchanged, driven by factors like cheap optionality and structural reforms. The upcoming U.S. election is expected to influence the dollar's trend and could lead to positive changes in fiscal, foreign, and trade policies.