Surprising and remarkable results of the U.S. election

Surprising and Remarkable Results of the U.S. Election




 

At BFM, we focus on your long term financial security and well-being to bring you peace of mind. Having said that, we received some questions about the impact of the highly contentious U.S. election. Surprisingly, the President, the House of Representatives, and the Senate will be Republican (tri power) which will have large impact.
 
The pre-election polls and the stunning Trump victory reminded us of a quote from Peter Bernstein: “The information you have is not the information you want. The information you want is not the information you need. The information you need is not the information you can obtain.”
 
Today, after an initial market sell-off during the night, the financial markets were stable (except for Japanese and Emerging Markets stocks that went down).
 
It is difficult to forecast the future since there may be differences between what candidate Trump said and what President Trump will do. It is too soon to tell the consequences but our initial thoughts are the following:

• More uncertainty may lead to more volatility 
• Reduced taxes and fiscal stimulus may lead to economic expansion
• Reform/Repeal the Affordable Care Act “Obamacare” 
• Increased infrastructure spending 
• Looser regulations 
• More immigration controls 
• Changes in foreign relations and trade policy (protectionism, increased tariffs, NAFTA...) which may impact some emerging markets countries and inflation  
• The federal reserve may still raise interest rates in December and/or next year and we may see a new chairman in 2018

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This newsletter was first published in November of 2016

https://us4.campaign-archive.com/?e=[UNIQID]&u=573d134676472fe56336c7f4f&id=3285ed2c81