US Presidential Election Impacts Markets and Economy

As the US presidential election approaches on November 5, candidates Donald Trump and Kamala Harris present starkly different economic visions, with Trump proposing higher tariffs and lower corporate taxes, while Harris’s policies remain less defined in the articles reviewed. Polls indicate a close race, adding volatility to Wall Street amidst existing uncertainties regarding interest rates and global conflicts, yet investors remain optimistic with the S&P 500 reaching 47 record highs this year. Notably, Elon Musk's endorsement of Trump and significant political contributions raise concerns about potential conflicts of interest in space policy should Trump win. Meanwhile, Qantas is facing a substantial compensation bill due to illegally sacking workers during the pandemic, which adds to the economic discussions overshadowed by the election. The mixed performance of US indices, alongside predictions of a decline in the ASX 200, reflects the market's sensitivity to political outcomes. Overall, the election's ramifications for the economy and space policy are critical focal points for both voters and investors alike.