Sector-Specific Election Impacts

• Consider banks as a straightforward investment in the face of elections.
• Recognize that healthcare and energy sectors present more nuanced investment opportunities.
• A Democratic win could lead to broader healthcare spending, potentially benefiting parts of the sector, but drug price negotiations could negatively impact others.
• A Trump win may be positive for M&A, potentially good for biotech, but may hinder pharmacy benefit managers or larger healthcare companies.
• Medical technology appears to be an active theme during uncertain political times.