In the first presidential debate between incumbent President Joe Biden and former President Donald Trump, both candidates showcased their unique styles and positions on various issues. The debate took place in Atlanta on June 27, 2024.
President Biden faced criticism for his hoarse and halting voice during the debate. He struggled to answer questions effectively, causing concerns among Democrats about his ability to lead in a second term. Trump, on the other hand, was confident and forceful throughout the debate. He made several false claims and exaggerations but managed to present himself as a strong contender.
One of the most significant topics discussed during the debate was healthcare, specifically Medicare Advantage stocks. RBC analyst Ben Hendrix believes that a second term for Trump would ease regulatory and reimbursement headwinds for these stocks, leading to their recent rally in the market. UnitedHealth, Humana, and CVS Health all saw gains following Biden's debate performance.
Another topic of discussion was the impact of presidential debates on markets. Some analysts argue that Trump's strong showing in the debate could lead to deeper corporate tax cuts, benefiting Wall Street. However, this could also result in larger budget deficits and higher treasury yields.
The debate also touched upon various other topics such as inflation, climate change, foreign affairs, and the national debt. It is essential for voters to consider all facts from reliable sources before making an informed decision on who to support in the 2024 U.S. presidential election.