How the US Election & Policy Could Affect Your Investments

McBride Wealth Management Webinar Series

October 8, 2020

McBride Wealth Management hosted a webinar featuring AGF Investments’ Chief US Policy Strategist Greg Valliere.  Greg has over four decades of experience following US policy and is frequently interviewed and quoted on BNN, Bloomberg, Fox and CNN.

In Case You Missed It?

Click this Link to Listen to the Full Audio

(The Webinar discussion starts at 2:40)

Webinar Synopsis

In the webinar, Greg highlighted how current US policies will shape domestic and foreign market potential for investors. With insights into how global politics, trade and the pandemic may factor into your portfolio choices.

He also discussed the current state in US politics, and the biggest event of the year – the US Presidential election on November 3 and how this will shape domestic and foreign markets for investors. In addition, Greg shared insights into how politics impacts trade, the economy and interest rate policy – all important considerations for your portfolio.

Short on time?

Here are Steve’s Top 5 Takeaways from Greg’s discussion:

  1. The front runner for the US Presidential election is Joe Biden and, if Biden wins, the markets will prefer that a Democratic White House be joined by a Republican Senate and a Democratic House.
  2. Aside from the US Election, the two biggest positive impacts on the markets are going to be first, additional pandemic related fiscal stimulus and secondly, continued accommodative monetary policy from the US Federal Reserve.
  3. On the subject of the pandemic, there will not be another government-mandated shutdown of the US economy. No matter who wins the election, the US Government will tough it out until a vaccine is made widely available likely in mid-2021.
  4. The Senate will indeed confirm the latest supreme court nominee, Amy Coney Barrett. This will cement Majority Leader Mitch McConnell’s legacy and it will also establish a very conservative Supreme Court for decades to come.
  5. The relationship between the US and China will continue to be strained no matter the outcome of the election. Frustration with trade issues and China’s mishandling of the virus at the outset crosses party lines, and tensions are sure to continue to be front and centre regardless of who is in the White House or Congress.

Sincerely,

Steve McBride

Investment Advisor

Disclaimers

This blog is solely the work of Steve McBride for the private information of his clients. Although this author is a registered Investment Advisor with Echelon Wealth Partners Inc. (“Echelon”) this is not an official publication of Echelon, and this author is not an Echelon research analyst. The views (including any recommendations) expressed in this newsletter are those of this author alone, and they have not been approved by, and are not necessarily those of, Echelon.

Echelon Wealth Partners Inc. is a member of the Investment Industry Regulatory Organization of Canada and the Canadian Investor Protection Fund.

Forward-looking statements are based on current expectations, estimates, forecasts and projections based on beliefs and assumptions made by authors. These statements involve risks and uncertainties and are not guarantees of future performance or results and no assurance can be given that these estimates and expectations will prove to have been correct, and actual outcomes and results may differ materially from what is expressed, implied or projected in such forward-looking statements.

The opinions expressed in this report are the opinions of this author and readers should not assume they reflect the opinions or recommendations of Echelon Wealth Partners Inc. or its affiliates. Assumptions, opinions and estimates constitute this author’s judgment as of the date of this material and are subject to change without notice. We do not warrant the completeness or accuracy of this material, and it should not be relied upon as such. Before acting on any recommendation, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. Past performance is not indicative of future results.

These estimates and expectations will prove to have been correct, and actual outcomes and results may differ materially from what is expressed, implied or projected in such forward-looking statements. Echelon Wealth Partners Inc., its divisions, subsidiaries, and affiliates, do not provide any income tax advice and does not supervise or review any income tax returns. Please consult your accountant.