Webinar insights from Greg Valliere, AGF’s Chief Political Strategist on October 3, 2024

Here are our key takeaways from the Webinar held on Thursday, October 3rd on the US Election with Greg Valliere, AGF’s Chief Political Strategist. Greg is AGF’s ‘boots on the ground’ and Washington insider, offering excellent information and perspective on key storylines happening on Capitol Hill and their impact on the markets and the global economy. 

Here’s a quick summary of the key takeaways. We’ve also included the recording and password below.

• Be cautious about what the poll takers say. Their track record in the past few Elections has been mediocre at best. Trump historically does better than what the polls suggest. Keep that in mind.
• Our biggest fear is a tie on November 5^th and no clear winner. That would give the markets uncertainty and some anxiety. We’ve seen this movie before. 
• Ultimately, the stock market can live with Trump or Harris. We feel Congress will be split/divided, which means less change and less regulatory uncertainty.
• The key issues where they have the same opinion are i) the Deficit and ii) Trade Protectionism. Both candidates will keep spending, and the deficit will continue to grow.
•  The key issues where they are different are i) Monetary Policy, ii) Regulatory Policy, and iii) Trade agreements. It’s no secret that Trump could ask J. Powell for his resignation if he wins, and with respect to trade relations with Canada, we feel Harris would be more favourable. 
•  Unfortunately, geo-political tensions and war will continue between Russia/Ukraine and Israel/Hamas. We don’t see an off-ramp anytime soon where there might a ceasefire or truce.
•  Finally, the biggest surprise was the Strong and Resilient US economy. The economy is on a solid footing, the job market is healthy, inflation is coming down, GDP growth in the high 2’s, and the stock market is at record highs.

To Replay the Webinar, click here and enter the password: XarUJxX5.

Participants of all Canadian Marketplaces. Members: Canadian Investment Regulatory Organization, Canadian Investor Protection Fund and AdvantageBC International Business Centre - Vancouver. Estimates and projections contained herein are our own and are based on assumptions which. we believe to be reasonable. Information presented herein, while obtained from sources we believe to be reliable, is not guaranteed either as to accuracy or completeness, nor in providing it does Ventum Financial Corp. assume any responsibility or liability. This information is given as of the date appearing on this report, and Ventum Financial Corp. assumes no obligation to update the information or advise on further developments relating to securities. Ventum Financial Corp. and its affiliates, as well as their respective partners, directors, shareholders, and employees may have a position in the securities mentioned herein and may make purchases and/or sales from time to time. Ventum Financial Corp. may act, or may have acted in the past, as a financial advisor, fiscal agent or underwriter for certain of the companies mentioned herein and may receive, or may have received, a remuneration for their services from those companies. This report is not to be construed as an offer to sell, or the solicitation of an offer to buy, securities and is intended for distribution only in those jurisdictions where Ventum Financial Corp. is registered as an advisor or a dealer in securities. Any distribution or dissemination of this report in any other jurisdiction is strictly prohibited.