Americans “stay optimists,” and diversification is key. Xavier Volatier, head of Transatlantic Private Wealth, speaks to our Stefan Grobe on the effects of the US mid-term result on the global markets.
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He believes that one of the major changes in the new makeup of Congress will be the attitude to AI, as “probably the biggest changes” we will see in the upcoming weeks. Regarding overall investment, there “should not be too much of a difference”, forecasting a still-optimistic view of the overall American economy.
On AI, he forecasts that the “tremendous growth” seen in the US AI sectors will “keep going for many years”, based on his management of clients. Further, there is increasing demand from US clients “willing to invest in Europe”.
The US voted in their mid-term elections on Tuesday, and largely voted against the incumbent Republicans at almost all levels. This resulted in the Democrats likely taking both chambers of US Congress, creating a future upset for Trump and the Republican Party’s ongoing legislative agenda when the new Congress sits in January.
