Political violence can harm markets, despite recent rally after Trump assassination attempt

From Yahoo Finance: 2024-07-15 17:51:45

The stock market rallied after the assassination attempt on Donald Trump, with investors predicting his victory would benefit assets like cryptocurrencies and oil stocks. However, prolonged political violence could have negative effects on markets, as seen in historical examples like Italy’s Years of Lead and the conflict in Northern Ireland. Foreign investors may think twice about investing in the U.S. if political violence continues, impacting the global economy. Despite rising Treasury yields, the recent increase is due to Trump’s favorable electoral chances, not political violence. Political leaders have emphasized national unity in the wake of the assassination attempt.



Read more at Yahoo Finance: Long periods of political violence ‘very bad’ for markets: Analyst