WEALTHSOUTH 2020 ELECTION FINANCIAL
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WEALTHSOUTH 2020 ELECTION FINANCIAL

WealthSouth 2020 Election Financial

  • There is a lot of uncertainty right now around the outcome of the election.
  • Many are understandably nervous right now given the uncertainty – we have many clients reaching out with concerns
  • Just to highlight that uncertainty, the polls don’t help in clarifying the outcome …..
  • Betting averages differ from actual poll averages – and poll averages often proven incorrect.
  • Those sectors that may benefit from a Biden win have been outperforming so far. E.g. Infrastructure, Green Energy, Cyclicals – stimulus growth packages
  • Vs. Trump – Tech, Growth Companies, Traditional Energy
  • Uncertainty breeds volatility and we have seen that starting to increase marketedely
  • As a reminder markets are forward looking and are pricing in a variety of scenarios, in fact many argue a blue sweep is already priced in.
  • Clearly there is a margin of error in the polls and certainly within key swing states.
  • The Senate is in a similar position with regards to turning over.
  • Biden and the Democrats appear to have an advantageous starting point.
  • All that being said it’s difficult to time trades based on the outcome. We are not in the business of timing the market from an economic cycle standpoint or a political one.


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