Election Impact on Markets
By Mitchell Anthony
July 31, 2020
With the election on the horizon and the economy in recession it is certainly reasonable to think that a change of the Washington regime is possible, hence the impact on the economy and the financial markets must be evaluated. Historically changes in Washington regimes have occurred during periods of recession, or after substantial loss of confidence in the regime’s ability to get the US economy back on a path of growth. Further changes in the Washington regime have occasionally occurred because the majority believes that the current president is out of touch with the majority’s needs and desires. Sadly, America is sharply divided today and probably more than ever in its history. There is civil unrest to some degree across America in a small minority, and the economy is in recession as a result of Covid 19 virus. Is this recession and civil unrest enough to cause the majority to vote for change, and if so what will this mean to the US economy, financial markets, and MACM portfolios?Read more
