November 2020
Making Sense of the 2020 U.S. Election
Duration: 60 Minutes
-
Matt Peron
Director of Research | Portfolio Manager -
Bruce Koepfgen
Head of North America -
Jim Cielinski, CFA
Global Head of Fixed Income -
Ashwin Alankar, PhD
Head of Global Asset Allocation | Portfolio Manager
Key Takeaways
- Although the prospect of a split government suggests there will be less fiscal spending in coming years, other policy risks have eased.
- Even without a “blue” sweep, we believe lawmakers will pass some form of fiscal stimulus to help revive economic growth, particularly as the COVID-19 pandemic continues.
- With the election over, investor confidence could start to return, helping boost stocks. Meanwhile, low-to-negative policy rates could benefit credit.
- The election is just one of many factors to consider in today’s market. COVID-19 remains a dominant force, both in terms of upside potential and downside risk.