The US stock markets face a potential downturn in October 2024 due to growing election uncertainty, with “Trump trades” stocks declining as pollsters favor a Harris victory. While inflation is under control, recession fears persist, and analysts warn of an increased risk of a market crash.
Despite a poor September, some believe conditions may improve, though comparisons are being drawn to the severe 1987 crash. The US Federal Reserve and investors may intervene to prevent a major collapse, but significant risks remain for equities this month.
October surprise for stocks: Will the US equities crash this month? Here’s what analysts are saying
Oct 10, 2024
Article from The Economic Times
Article Synopsis
