Wafer thin difference

Tuesday 5th November 2024

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Markets have responded to a poll over the weekend which showed a swing in favour of Kamala Harris in Iowa. It was driven, apparently, by more older women expressing a preference. NAB’s Tapas Strickland says Iowa isn’t normally considered a swing state, so there is the question about whether this could be replicated across the country. But we haven’t seen a massive unwinding of positions that you might associate with the Trump trade.

The RBA meets today and there will be a lot of focus on what’s in and out of the statement, and whether there’s a more concerted effort to drive market expectations further back into mid-2025.

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