How to Prepare Your Portfolio for a Harris Victory

It has often been said that a week is a long time in politics, but the last few weeks in American politics have each seemed like decades in terms of the changing landscape. Just a month ago, the overwhelming winner of the Democratic primary, the incumbent President Joe Biden, was neck and neck in the race with Donald Trump. Then, following a disastrous performance in the first televised debate, Biden’s ability to run was called into question, even by previously loyal Democrats. That led to Trump taking a lead in the polls, a lead that extended when he survived an assassination attempt.

That lead looked so strong that, just last week, I wrote a piece recommending some stocks to buy in anticipation of a Trump win. Then, this past weekend, Biden bowed to the pressure from within his party and stood down, endorsing his Vice President Kamala Harris on the way out. The rest of his party has rallied around Harris, and her nomination as the Democratic candidate now looks like a formality. It remains to be seen whether that gives a big boost to the Democratic ticket for November but given Harris’s popularity with two groups who were seriously lacking in enthusiasm for the original candidates, young women and people of color, it could well do.

So, a week after considering what to buy should Trump win, it is worth looking at a strategy for investors that would prepare your portfolio for a Harris win.

The first thing to say is that buying anything right now would be…