Stock markets feel the jitters as Biden-Trump rematch looms large
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IT’S no secret that former US president Donald Trump brings volatility wherever he goes, including to nearly every sphere of public life as well as the stock market.
The rally in the S&P 500 stalled in the months before Trump squared off against Joe Biden at the last presidential election in November 2020, and some of the index’s pandemic gains were given back around the time that Trump’s supporters attacked the US Capitol in Jan 2021.
With a potential rematch between Biden and Trump on the cards for next year’s election, the jitters are likely to be more severe.
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