US by-elections continue – WORLD

US by-elections continueBy-elections have begun in the United States, and it can be said that a difficult process is beginning for US President Biden.By-elections have begun in the United States, and it can be said that a difficult process is beginning for US President Biden. The election process continues amid high inflation coinciding with Biden and the impact of Fed decisions on Biden in the process. The following week, former US President Trump said he would make a statement on November 15. We expect this announcement to announce that he is likely to be a candidate in the 2024 elections. Another scenario is that if Trump is not nominated, the other candidate will be Florida Gov. Ron DeSantis. So what are we waiting for in this process? We think Republicans are a little more market oriented and Democrats are a little more trade oriented. If the Republicans increase the number of seats, we think that risk appetite in terms of the markets will increase, as we expect the Fed to become dovish, although not in the short term. We expect this to happen. On the other hand, the good relations between Russia and the Republicans, the easing of sanctions with the arrival of the Republicans, and the positive situation in trade resemble a scenario.