2024 USA Presidential Election Pins Future Investments in Bitcoin and Tech Stocks! Is the Nasdaq at Risk?

New York, USA – As Americans prepare to head to the polls on Tuesday, the 2024 USA Presidential Election is on everyone’s minds. The battle between Vice President Kamala Harris and former President Donald Trump has kept tensions high across the nation. Regardless of party affiliation, the outcome of this election is deemed crucial.

In light of the upcoming election, Seeking Alpha held an Election Event where experts provided insights and advice on investment strategies regardless of the election’s outcome. Chris DeMuth Jr., leader of the Sifting the World investing group, highlighted the challenges of having two big-spending parties, emphasizing the difficulty in differentiating between them.

Brad Thomas, leader of iREIT+HOYA Capital, pointed out that the growth in technology will benefit all sides, regardless of the political spectrum. Eric Basmajian, from EPB Macro Research, warned about the potential market instability if the economy enters a recession or recession fears resurface.

SA analyst Florian Grummes expressed optimism about Bitcoin, predicting that it will reach new record highs and eventually hit $100,000. Joe Albano, from Tech Cache, shared concerns about the Nasdaq’s chart structure, indicating uncertainties about its performance in the coming years.

As the Federal Reserve prepares for its decision on Thursday, experts anticipate a 25 basis point cut. The recent weak jobs report, with only 12,000 payrolls added, has influenced this decision. Economists view the downward revisions in previous months as justification for the Fed to reduce restrictions on the economy.

Amidst the ongoing earnings season, a number of major companies are set to report their financial results. From Vertex Pharmaceuticals to Airbnb, investors are eagerly awaiting updates on various sectors. Warren Buffett’s Berkshire Hathaway also made headlines recently by decreasing its holdings in Apple and Bank of America by over 20%.

TGI Friday’s latest move filing for bankruptcy protection underscores the continued challenges faced by businesses due to the COVID-19 pandemic. The company’s restructuring efforts aim to protect stakeholders and ensure the continuity of operations across its franchise network. Executive Chair Rohit Manocha emphasized the importance of these steps in positioning the company for future growth and success.