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Editor’s Thoughts.
The US elections are reaching fever pitch as we go into the last weekend before Americans take to the polls on Tuesday … in one of the closest election races in decades. As at yesterday, the polls showed Harris a whisker ahead – but it was really too close to reach any sort of conclusion.
Some Friday fun facts: the polling data seems to point to voting following gender lines, with females favouring Harris and males choosing Trump. I’m sure Momentum’s behavioural finance team will have thoughts around that 😊
But even more interesting, is the fact that over the last century, the S&P 500 (the US stock exchange) has successfully “predicted” the outcome in 20 out of 24 elections. When US stocks were up during the three months before election day, the incumbent party kept the White House. Put simply, this points to a Harris victory. But … and here’s the kicker … whilst the US stock market is up over 10% since August, the majority of Americans feel that the economy is not doing well.
I’m guessing the behavioural finance team at Momentum will agree that, like anything involving humans, there’s the facts and then there’s the feelings (let’s call it market sentiment). My Top Picks for today from Sygnia and Old Mutual will give you more context.
Top Picks.
EBnet Stream: Trends in employee benefit consulting – what does the future look like?
Dolana Conco, Regional Executive Retirement Fund Consulting, Alexforbes
EBnet Stream: Infrastructure investing
Kelebogile Moloko, Prowess Investment Managers, Founder and Chief Investment Officer
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Editor’s Live Updates.
The Editor attends many industry conferences and events and will keep you updated from these live through X, as they unfold.
The next event she’ll be at is the launch of the 27four’s DEI Index Framework and DEInvest Annual Survey 2024 on 30 October 2024.
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Upcoming Events.
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