Posted 3/5/2024, 12:30:00 PM
Stocks Shaken But Long-Term Outlook Intact Amid Election Uncertainty, China Slowdown
- US investors worried about inflation, interest rates, foreign relations, and the 2024 presidential election as campaigning kicks into high gear on "Super Tuesday"
- Stock analysts say markets are more powerful than politics over the long run, with returns consistently positive under different administrations
- Markets tend to anticipate and adjust to policy changes rather than reacting solely to them
- Bitcoin hit an all-time high over $68,000, boosted by mainstream investment vehicles like crypto ETFs
- China set a 2023 GDP growth target of around 5%, similar to last year's, but offered no major new stimulus measures