International elections will be a 'global volatility event'
As the 2024 presidential election heats up, Nuveen CIO Saira Malik joins Catalysts to discuss how Thursday's debate will impact markets (^DJI,^GSPC, ^IXIC). Malik believes the debate won't impact markets as much as second quarter earnings and economic data. "Markets don't like uncertainty. What is certain is we do generally know who our two candidates should be. In an election year, good news and bad news. Good news is markets tend to go up about 11%. We've already experienced that. Good news. Bad news is volatility tends to go up too. That's what I expect to happen in the second half of the year," she explains. She emphasizes that the US isn't the only country having a major election: "There are 77 countries going to the polls this year. That's 60% of GDP. So this will be a global volatility event." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl