The two major uncertainties recognized by Wall Street: the US presidential election and geopolitical situation

Wall Street executives believe that the U.S. election and geopolitical tensions (such as the Russia-Ukraine conflict and Middle East wars) are causing investors to remain cautious. Wells Fargo CEO Charlie Scharf pointed out that the uncertainty of the election is causing people to wait and see, affecting corporate confidence and loan demand. Many companies are delaying transformational transactions, waiting for the new government's policies to become clear. An IMF report shows that half of the global population will elect a new government in 2024, and policy uncertainty may have economic consequences. Despite concerns, some executives are optimistic about the economic activity rebounding after the election