- November 5: Election Day – all eyes will be on the initial results, as this can easily make the market “spin like a pinwheel”.
- November 7: FOMC (Fed) meeting – The Federal Reserve will “finalize” monetary decisions immediately after the election. This event can bring a surprise to the market.
- November 12: Congress (118th session) convenes – With many new faces, what will Congress do? Markets will be watching closely and looking for “clues” for policy.
- December 11: Deadline to resolve election disputes – markets will “jump” if there is more “tense” debate about the election results.
- December 17: Electoral College meets – officially votes for President. Investors will be “holding their breath” waiting for news from this event.
- December 20: Government funding resolution – important milestone as investors “guess” whether there is a risk of government shutdown or not.
- January 1, 2025: Debt limit maturity – If no agreement is reached, the risk of default is there. Hopefully “extraordinary measures” will save the situation.
- January 3, 2025: New Congress (119th session) convenes – policies and directions from the new Congress will continue to “reverse” the market a bit.
- January 6, 2025: Congress officially announces the winner – the result is decided, and the market will now consider the impact of the new administration’s policies.
- January 20, 2025: Inauguration Day – the market will “excitedly” welcome the first changes from the new administration, ready for an exciting year.
Implication: The coming days are expected to be an “emotional” journey for global financial markets. Investors should be ready for political factors affecting monetary and financial policies. Sit back, relax, and pay attention to Bitcoin prices.
Source: Phan Duc Trung, permanent vice president of Vietnam Blockchain Association.