The 2024 presidential election in the United States will begin next Tuesday, and many major polls still show Trump and Harris are tied

Odaily Planet Daily Report: The United States will begin the 2024 presidential election next Tuesday (November 5), and many major polls still show that Trump and Harris are evenly matched. Data from the US Commodity Futures Trading Commission (CFTC) shows that hedge funds and managers have accumulated a $18 billion long position in the US dollar before the US election. Currently, Wall Street strategists generally believe that Trump's promise to impose tariffs will support the US dollar at least in the short term, and hedge funds and other speculative traders expect that the potential impact of the election on the demand for safe-haven assets and the direction of tariffs will lead to a further rebound in the US dollar. The market generally believes that Trump's proposal to lower corporate taxes will benefit corporate profits, and therefore, if he wins, it will boost the US stock market. Harris' potential tax increase policy, on the other hand, is seen as relatively negative for the stock market. However, Bank of America and Citigroup have recently expressed the opposite view. Analyst Marc Chandler said: "Many of the potential positives next week may have already been priced in, so the risk is tilted to the downside. Gold has recently hit a new all-time high, but has failed to break through $2,800. It is worth noting that when the US stock market fell on October 31, gold also experienced a sharp sell-off, almost as if it was being liquidated to meet margin requirements."