📈 Fed's first cut since 2020: Time to buy the dip? See Tech-focused stock picksUnlock AI Picks

Harris turns election into choice, Trump fails to make it a referendum: Strategas

Published 09/12/2024, 09:11 AM
© Reuters.
US500
-

Investing.com -- In a note to clients Thursday, analysts at Strategas said the performance of Vice President Kamala Harris in the presidential election debate managed to shift the election dynamics from a referendum on the Biden administration to a choice.

In contrast, the firm believes former President Donald Trump failed to capitalize on the moment, unable to frame the debate as a referendum on Harris and the first four years of the Biden-Harris administration.

While debates often end in both sides claiming victory, Strategas believes "Harris overwhelmingly beat former President Trump."

"We understand that Republicans are upset over the moderators. But even on the first question, 'are you better off than you were four years ago?,' Trump could not land a punch," said Strategas. "He failed to do so," they added.

The firm's report points out that Harris, though evasive and vague at times, managed to introduce herself to voters "on her own terms."

However, the state her performance was not without flaws, as her policy agenda remains unclear.

Still, Strategas believe Harris was able to set "trap after trap," and that Trump "took the bait every time," leaving him focused on marginal issues rather than mounting a substantial argument.

Even so, Strategas says Trump "imploded in his first 2020 debate and came back from that."

With Harris having successfully framed the race as a choice rather than a referendum, her campaign will likely face little difficulty in energizing its voter base early.

"Last night was not a fait accompli. Undecided voters may not have been paying attention. But the race is close and changes on the margin matter," concluded Strategas.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.