Market Update - September 2024

The US election and potential change of control of Congress brings potential implications for global markets, including inflationary pressures from tax cuts, spending changes, and tariffs. While higher US bond yields, a strong dollar, and equity gains are evident in the short term, Australian investors face risks tied to trade disruptions, particularly with China, Australia’s largest export partner. Diversification remains key amidst policy uncertainty, ensuring portfolios are resilient to global economic shifts.