Tightening Presidential Race Giving the Markets a Case of the Jitters
All we can say is that with 36 hours left in the current election cycle (hopefully it will just be 36 hours and we won’t have repeat of 2000!) we are left with one insightful question . . . can it just be over already?!
We say this not only as weary voters tired of the back-and-forth bantering between the talking heads and party leaders, but also as investors. The shrinking spread in the polls between Hillary Clinton and Donald Trump over the past 10 days has not been good for the financial markets, as investors have been forced to rethink their level of confidence in a Clinton victory, and instead begin to contemplate what could happen in a challenged election or even what was unthinkable 3 weeks ago — a Trump victory.
One way or another, we think we’ll wake up Wednesday morning with a clear direction of where the next four years will take us, and then hopefully the other pieces of uncertainty will begin to fall in line. Till then . . . brace yourselves!
Chris Versace
Chief Investment Officer
Tematica Research
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- The Markets Dealing with Multiple Levels of Uncertainty
From an increasingly uncertain US presidential election to the UK high court’s decision concerning Brexit, to Italy’s upcoming election, we see rising instability around the world, which is giving investors a bad case of the jitters . . .  Read More >>
- Parsing Through the Language from the Fed
As expected, the Federal Reserve left interest rates unchanged last week, but the central bank’s language in its post-FOMC meeting statement paved the way for a December rate hike. Read More >> - While not a great October Employment Report, it wasn’t a total disaster either.
While the overall job creation headline figure reported by the Bureau of Labor Statistics missed consensus estimates, digging into the report, there were three standouts . . .  Read More >>
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Monday Morning Kickoff 11-07-2016
