The US presidential election is just over a week away. Market (^DJI, ^IXIC, ^GSPC) volatility linked to electoral uncertainty has emerged as a key concern for investors. However, Federated Hermes senior equity strategist Linda Duessel discusses her outlook on Market Domination Overtime. Duessel anticipates a "contested result" due to the tight race between Vice President Harris and Donald Trump caused by the nation’s deep political divide. Drawing parallels to the 2000 election’s disputed outcome, she notes that "the markets didn’t seem to care that much" during that period of uncertainty. "I think that history tells us maybe not to worry," Duessel explains. She emphasizes the market’s resilience, adding, "Could you ever have dreamed up the year we have been through here this election year and the market just continues to make new highs?" In her view, election uncertainty should not significantly impact market performance especially with a robust economy and fundamentals. She also notes that "this market deserves a correction. It deserves really a 7 to 10% correction, and we are expecting that at Federated Hermes…I wonder if in this rarest of rare election years the correction comes after the election."
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