In this video, David Fisher, Co-Founder & Chief Investment Officer, and Russ Cearley, Partner & Director of Portfolio Strategy, tackle the 2016 Presidential Election and its potential impact on the markets. Is the market a good predictor of the election outcome? If so, what is the market saying about 2016? What might happen with a Republican win? A Democratic win? David and Russ discuss all of this and more in the video below.
Most of the blame for Friday’s sell-off centered on central bank talk and the potential for rising interest rates. However, we suspect that North Korea’s nuclear test played a part.
With the Fed division fairly intense, our gut feeling is that this lack of consensus will keep a rate increase on hold until at least December.
This is not an event that we would signify as newsworthy since fundamental economic and corporate profits are what matter.