What impact could Kamala Harris have on markets?

Kamala Harris and markets – will she be good for your money?

Kamala Harris And Tim Walz Campaign In Michigan
(Image credit: Andrew Harnik/Getty Images)

Kamala Harris, currently serving as the 49th Vice President of the United States under the Biden administration, is now formally the Democratic Presidential nominee. Harris’ extensive career includes roles as the District Attorney of San Francisco, Attorney General of California, and a United States Senator. 

Known for her online presence, she has been referred to as “Brat” and a “Feminominom,” social media “in-jokes” that indicate her widespread appeal with groups as far apart as Gen Z TikTok influencers and Nancy Pelosi, the octogenarian former speaker of the House of Representatives. After the presidential debate between Harris and Donald Trump on 10 September, pop megastar Taylor Swift waded into the conversation, revealing that she would be voting for Harris in the upcoming election. Swift called Harris a "gifted leader" before signing her post off as a "Childless Cat Lady" — a dig at comments made by Donald Trump’s running mate JD Vance, which were widely criticised as sexist. 

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SectorYTD Performance %Market Weight
Technology23.03%31.34%
Comm Services19.12%8.75%
Financials15.00%13.10%
S&P 50014.54%Benchmark
Utilities12.79%2.36%
Industrials10.59%8.42%
Staples10.40%5.92%
Healthcare9.89%12.03%
Energy9.16%3.70%
Materials 6.85%2.25%
Discretionary5.65%9.85%
Real Estate 2.21%2.28%
Jessica Inskip
Contributor

Jessica is a finance trailblazer, known for being the first female on Fidelity's Active Trader Desk and work frequently recognized by Jim Cramer. With expertise in advanced trading strategies and technical analysis, she has had a significant impact. Jessica appears frequently on CNBC, FOX Business, Yahoo! Finance and the Schwab Network as a guest and commentator.

Since joining the finance industry in 2009, she has held diverse roles in brokerage firms, specializing in strategic initiatives, high-frequency trading, options, and derivatives. Currently, she is the Director of Investor Research at Stockbrokers.com. Jessica's work is featured in esteemed firms and exchanges such as Fidelity, Merrill, TD, Nasdaq, and more. Alongside her professional endeavours, she actively promotes financial literacy through social media, gaining a dedicated following of over 100,000 advocating for the younger generation. Jessica recently launched the Market MakeHer podcast which has won various awards and is focused on breaking down the complexities of the stock market.

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