The chapter delves into the implications of the upcoming November elections on investors, emphasizing market performance in presidential election years and policy certainty with the presumptive candidates. It evaluates the potential effects of a second term for the current president on policies, institutions, and inflation, comparing both candidates' policies on factors like tax cuts and tariffs. Additionally, investment strategies in the current market environment, the impact on sectors like prisons, gun stocks, and crypto, and the importance of diversification are discussed in light of potential gridlock post-election and the outlook for the US economy.
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Bloomberg News Economic Policy Reporter Chris Condon breaks down US retail sales data rising in June by the most in three months, a sign consumers regained their footing at the end of the second quarter. Anton Schutz, President at Mendon Capital Advisors, shares his thoughts on bank earnings. Kara Murphy, CIO at Kestra, talks about investing in an election year. Stefan Selig, Managing Partner at BridgePark Advisors, discusses potential risks from the US presidential election. Daniel de la Vega, President of ONE Sotheby's International Realty, shares the details of the firm's mid-year luxury real estate report. And we Drive to the Close with Kristy Akullian, Head of iShares Investment Strategy at BlackRock.
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