cover of episode UBS On-Air: Paul Donovan Daily Audio 'Political possibilities'

UBS On-Air: Paul Donovan Daily Audio 'Political possibilities'

2024/7/29
logo of podcast UBS On-Air: Market Moves

UBS On-Air: Market Moves

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Shownotes Transcript

Markets care about politics when policy probabilities change. So far, the US political circus has not changed many probabilities. The polling position of US Vice-President Harris has improved, but sentiment surveys (as low quality indicators of markets) are not significantly shifting probabilities. The prospect of an announcement about the Democrats’ vice-presidential nominee might matter. Vice-presidential nominees rarely change things much, but they can hint at policy direction—which investors care about.