Positioning your portfolio for 2024 election uncertainty

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The US 2024 presidential election is just under three months away, a catalyst for uncertainty in markets (^DJI, ^IXIC, ^GSPC) and the Federal Reserve's anticipated interest rate policies.

Raymond James CIO Larry Adam joins Market Domination Overtime to discuss his top tips for investors manuevering through political uncertainty.

He encourages investors to not change their allocations or sector positioning ahead of the election, explaining "politics is something that we look at. On the fringes, it can be an impact on our sectors. But when we look at our bigger foundation of how we come up with our views, it actually ranks number eight out of the ten factors that we look at.

"So it's not as important as how the economy is doing, earnings, the Fed, those types of things," Adam adds. He notes some of the recent market volatility is because of the election, where there technically are two non-incumbents running. However, the market usually bounces back after receiving election results.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.

This post was written by Melanie Riehl

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