With one of the most decisive US Presidential Election in years, we listened to our chief strategist Daniel Casali who gave our house view on potential market impacts and risks from various US election scenarios.
- Markets will be driven by who enters the White House and which party has control of Congress
- Of the possible election outcomes, the status quo of a Trump win and low taxes/regulations would probably be positive for equities
- A divided Biden scenario would be constructive for green tech, but risky for Big Tech and financials
- A unified Biden Democratic “clean sweep” and disputed election outcomes probably entail the most uncertainty for equities.
Daniel Casali, Investment Strategy, Smith & Williamson Investment Management LLP.