UBS analysts find US equities attractive ahead of the presidential election, predicting a 45% chance of a Kamala Harris win with limited market impact, while a 35% chance of a Donald Trump victory could initially boost markets due to favorable tax expectations. However, concerns over tariffs and trade wars may introduce volatility. The healthcare sector may face challenges under Harris, while Trump’s win could benefit materials and financial sectors, with mixed outcomes for real estate. Both gold and oil are seen as attractive investments, while the US dollar's long-term outlook remains weak.