Market Implications of a Potential Kamala Harris Presidency

Investors are analyzing the potential market effects of a Kamala Harris presidency. Harris` policies, which include raising corporate taxes to 28%, could impact corporate profits, consumer goods, and the solar energy sector. While a higher corporate tax rate could reduce the U.S. budget deficit, it could also negatively affect the stock market. However, the impact remains uncertain as many proposals require Congressional approval, which is currently divided between parties. The outcome of the presidential race, currently a tight contest between Harris and Trump, hinges on a few key states.