2024 is likely to go down as the year of elections as more than half of the world's population head to the polls.

Of course, one of the most watched elections is the US presidential election, which takes place on November 5th.

So what should we be watching as the primary season kicks off next week, and what might be the

market and economic implications of this consequential race?

In presidential election years, in general general what you see is some weakness at the

start of the year and that's probably reflecting just the fact that you have

uncertainty ahead of the election and then you tend to see

more strength at the very end of the year following the election in particular.

I'm Allison Nathan and this is Goldman Sachs exchanges.

To provide a roadmap of what lies ahead and explain the issues at stake, I'm sitting

down with Alec Phillips, Chief U.S. political economist in Goldman Sachs research, and

Joe Wall, a managing director in our Office of

Government Affairs.

Alec Joe, welcome back to the program.

Thank you for having us.

Thanks.

Let's dive in.

The U.S. presidential race kicks off in earnest with nominating contests in each state and

territory starting with Iowa on January 15th but there already seems to be a

strong consensus that President Biden has locked up the Democratic nomination

as is typically the case with the incumbent,

and former President Trump will be the Republican nominee.

...