Decision 2024: A Preview of Election Night
In our latest Decision 2024 video, Dominic Ceci, Chief Investment Officer, hosted guests Kent Demien, Vice President, Director of Investment Research and Kelsey Ellsworth, Vice President, Wealth Portfolio Manager. Together, they provide a comprehensive preview of what to expect on election night, discussing key points to watch and the broader market impacts and economic trends.
Here are the key points they discussed:
- Swing State Focus: Analysis of critical swing states including Wisconsin, Georgia, Arizona, Pennsylvania, North Carolina, Nevada, and Michigan, and their pivotal roles in the presidential election.
- Tight Polls: Discussion on the close polling between Harris and Trump in these states, drawing parallels to the tight races of the 2020 election.
- Election Result Delays: Exploration of potential delays in election results due to the high volume of absentee ballots, with historical context on the implications of such close elections.
- Economic Implications: Emphasis on the economic implications of the election, highlighting that institutional investors typically do not make drastic changes based on election outcomes.
- Investment Strategy: Importance of maintaining a steady investment strategy and not letting political outcomes influence immediate financial decisions, noting that the stock market generally shows positive trends in presidential election years.
- Market Volatility: Expectation of market volatility leading up to the election due to prevailing uncertainties, with anticipation of a market rally once election results are confirmed.
- Tax Policy Monitoring: Discussion on potential changes in tax policy, particularly concerning tax exemptions, which are closely monitored by our Financial Planning Team.
- Impact of Election Outcomes: Analysis of the potential economic impacts of different election outcomes, such as the effects of a Republican sweep on clean energy policies from the Inflation Reduction Act, and the presidential influence over executive areas like trade, immigration, and energy.
Download our election night scorecard to follow along with potential combinations to win, key swing states, and Senate races to watch. This tool will help you track the most critical aspects of the election as they unfold.
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