Citi: Traders are focused not on the election, but on the U.S. economy and earnings season

ChainCatcher news, Citigroup analysts stated that elections often have a significant impact on market trends before voting, but traders seem to be more focused on other matters this year.
Analysts pointed out that several market indicators that typically flash before U.S. elections are noticeably calm this year, suggesting that concerns about the election's impact on the market may be less than in previous years. They believe that traders are not focused on the election, but rather on the U.S. economy and earnings season.

Analysts indicated that the strong performance of U.S. stocks in the weeks leading up to the election may be driven by the robust state of the U.S. economy, rather than investors building positions in the "Trump trade" or "Harris trade."

However, analysts stated that, as in previous years, the stock market is likely to rebound after the election. They noted that due to the latest earnings season where most companies reported solid performances, the current market positioning makes it very likely that the stock market will rebound after the voting on November 5 and may potentially climb to new highs in the new year.