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Lots of Them This Morning

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Insights and Market Perspectives

Lots of Them This Morning

Author: Greg Valliere

July 25, 2024

TOO MUCH NEWS, NOT ENOUGH SPACE: There are lots of juicy nuggets floating around Washington this week; here are some:

VP SWEEPSTAKES: Arizona Sen. Mark Kelly is the frontrunner, but here comes a wild card: Minnesota Gov. Tim Walz, who has a fabulous resume and loves to bash Donald Trump.

JUST IN TIME for the campaign: the economy is clearly slowing, and the Fed may have to apply medicine by early fall.

IN PRIVATE, GOP insiders are having buyers’ remorse over JD Vance.

KAMALA HARRIS impeachment? House Republicans have no chance, but they have a long laundry list of alleged offenses.

DEMOCRATS COULD re-capture the House this fall, but it still looks like they’ll lose the Senate.

JOE BIDEN has no chance of a lame-duck victory on Supreme Court reform — or rent reduction.

HOPES OF FINISHING the 2025 budget on time have crashed and burned. Another debt ceiling brawl looms next year.

ONCE THE DEMOCRATS’ CONVENTION ENDS, pressure will grow on Joe Biden to resign. His health is still a huge unknown.

HUNTER BIDEN, STILL A PRESENCE AT THE WHITE HOUSE, probably will win a plea deal this fall.

REPUBLICANS, SUDDENLY WORRIED about the election, see Trump’s age as a growing issue.

AND THE ISSUE THAT NO ONE CAN FIGURE OUT: How will Kamala Harris explain California’s huge crime and budget problems?


The views expressed in this blog are those of the author and do not necessarily represent the opinions of AGF, its subsidiaries or any of its affiliated companies, funds or investment strategies.

The views expressed in this blog are provided as a general source of information based on information available as of the date of publication and should not be considered as personal investment advice or an offer or solicitation to buy and/or sell securities. Speculation or stated believes about future events, such as market or economic conditions, company or security performance, or other projections represent the beliefs of the author and do not necessarily represent the view of AGF, its subsidiaries or any of its affiliated companies, funds or investment strategies. Every effort has been made to ensure accuracy in these commentaries at the time of publication; however, accuracy cannot be guaranteed. Market conditions may change and AGF accepts no responsibility for individual investment decisions arising from the use of or reliance on the information contained herein. Any financial projections are based on the opinions of the author and should not be considered as a forecast. The forward looking statements and opinions may be affected by changing economic circumstances and are subject to a number of uncertainties that may cause actual results to differ materially from those contemplated in the forward looking statements. The information contained in this commentary is designed to provide you with general information related to the political and economic environment in the United States. It is not intended to be comprehensive investment advice applicable to the circumstances of the individual.

AGF Investments is a group of wholly owned subsidiaries of AGF Management Limited, a Canadian reporting issuer. The subsidiaries included in AGF Investments are AGF Investments Inc. (AGFI), AGF Investments America Inc. (AGFA), AGF Investments LLC (AGFUS) and AGF International Advisors Company Limited (AGFIA). AGFA and AGFUS are registered advisors in the U.S. AGFI is a registered as a portfolio manager across Canadian securities commissions. AGFIA is regulated by the Central Bank of Ireland and registered with the Australian Securities & Investments Commission. The subsidiaries that form AGF Investments manage a variety of mandates comprised of equity, fixed income and balanced assets.

About AGF Management Limited

Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. Our companies deliver excellence in investing in the public and private markets through three business lines: AGF Investments, AGF Capital Partners and AGF Private Wealth.

AGF brings a disciplined approach, focused on incorporating sound, responsible and sustainable corporate practices. The firm’s collective investment expertise, driven by its fundamental, quantitative and private investing capabilities, extends globally to a wide range of clients, from financial advisors and their clients to high-net worth and institutional investors including pension plans, corporate plans, sovereign wealth funds, endowments and foundations.

Headquartered in Toronto, Canada, AGF has investment operations and client servicing teams on the ground in North America and Europe. AGF serves more than 800,000 investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.

For further information, please visit AGF.com.

©2025 AGF Management Limited. All rights reserved.

Written by

Greg Valliere

Greg Valliere

Chief U.S. Policy Strategist

AGF Investments

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