Over the course of the next eighteen months, there are going to be three major elections on both sides of the Atlantic. First, it is likely going to be Trump versus Biden Part Two in a clash of very different political ideologies. The polls are one thing, the age of the candidates another, and who knows what else can happen until November? Either way, it’s difficult to see how any of this should affect what we watch on Netflix or search on Google with our iPhones, and technology stocks remain poised for growth.
Sometime before January of next year, the British public will finally get to vote on Brexit. No, the Boris victory doesn’t count, because anyone would have beaten Corbyn, and only 81,326 Tory members voted for Liz Truss to be prime minister. Whatever the political persuasion, the stock market paints a very clear picture. Since the referendum, the FTSE 100 is up 25.90%, whereas the EuroStoxx 50 is up 74.53%. With Labour almost certain to win the next election, things can surely only get better?
Finally, we shall have the German elections some time before October next year. In the years in charge, the prevailing coalition government could not agree on anything, other than legalising cannabis. Clearly, the country and the rest of the EU need someone to be in charge, anyone, which explains why even the highly unlikable and hugely unpopular Friedrich Merz is favourite to be the next chancellor. Oh, and the S&P500 is up 151.04% since the Brexit referendum, but that’s another discussion.