What We’re Watching in Tuesday’s Elections — as Donald Trump’s Lead Widens
Author: Greg Valliere
November 6, 2023
OHIO WILL VOTE on a constitutional amendment that would guarantee abortion rights. Republicans have been hurt in the past two years because of their restrictive abortion policies, many of which outlaw the procedure with no exceptions. This has backfired on the GOP, and Ohio would be the biggest electoral victory yet for abortion rights supporters.
TWO GOVERNORS RACES are in the spotlight. In pro-Republican Kentucky, the Democratic governor, Andy Beshear, is seeking a second term. His big lead this summer has narrowed to a virtual tie, polltakers say, as Beshear distances himself from Joe Biden. In another interesting race, Mississippi Republican Gov. Tate Reeves is in a surprisingly close race; his Democratic opponent, Brandon Presley, is closing fast.
AND THERE’S A FIERCE RACE IN VIRGINIA, with four open seats up for grabs in the Virginia Senate and five in the state’s House of Delegates. There will be elections for all Senate and House seats — a huge test of Gov. Glenn Youngkin’s popularity. Democrats think abortion rights will help them; Republicans say public revulsion over crime will make the difference.
IF VIRGINIA’S REPUBLICANS HAVE A GOOD NIGHT, speculation will rise immediately that Youngkin will make a late entry into the GOP presidential race, but it strikes us that he has waited too long.
THE DEMOCRATS NEED GOOD RESULTS ON TUESDAY NIGHT to change the subject from the eye-popping polls this weekend that show Donald Trump leading Biden in several battleground states — Pennsylvania, Michigan, Arizona, Nevada and Georgia, with Biden slightly ahead in Wisconsin. Biden won all six states in 2020. He should consider dropping out, many stunned Democrats said this weekend, although there’s no indication that Biden will.
THERE WILL BE OTHER DISTRACTIONS FOR DEMOCRATS TO EXPLOIT: Trump testifies in a New York City court this week, the Republicans will debate in Miami on Wednesday night, and Congressional fighting will heat up over aid to Israel and Ukraine.
BUT THE BIG STORY will continue to be Trump, as Democrats come to grips with the likelihood that Joe Biden is now the underdog in 2024.
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.
©2024 AGF Management Limited. All rights reserved.
