Views from our
Investment Specialists:
The U.S. Elections
The following are the views of our investment specialists on the U.S. elections and the likely consequences of a Clinton or Trump victory and implications, if any, to the positioning of the mandates that they manage.
Traditionally, the U.S. election has had little impact on the markets. If anything, the equity market tends to rally going into the presidential election because the result removes one source of political uncertainty. This year it has been slightly different because of the stark contrast between the two candidates. The election of Hillary Clinton, to a large extent, represents a continuation of current policies. On the other hand, the election of Donald Trump, represents a drastic departure, as well as rising uncertainty due to the vagueness and contradictions of many of his proposals. Prior to Friday October 28th, the markets had expected a Clinton win based on many polls. Since then, the polls have tightened even though many still give Hillary a slight edge.
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