Global Stock Volatility Hits the Presidential Election
Republican presidential nominee Donald Trump is hoping a dramatic sell-off in the U.S. stock market creates an opening to attack his Democratic rival, Kamala Harris, over who is best positioned to shepherd the economy. Trump’s campaign labeled the Monday drop as a “Kamala Crash.” But Wall Street recovered on Tuesday as stocks posted gains. Several economists said the economic data disprove Trump’s comments about a coming crisis, as unemployment remains relatively low, and inflation has eased. Goldman Sachs puts the current likelihood of a recession at 15%, but raises that...