Preparing your portfolio for the US election outcome
Historically, Republican presidents have been more market friendly
Singapore
THE race to the White House is approaching its home straight.
Support for Democratic challenger Joe Biden has surged in the last month, seemingly due to US President Donald Trump's handling of both Covid-19 and the Black Lives Matter movement. But a second term for Mr Trump cannot be ruled out.
It is time for investors to be prepared and consider the market impact of both outcomes.
Historically, Republican presidents have been expected to lead to a more market friendly outcome given their ideological preferences for lower taxes and less market intervention.
At the start of this year, a second term for Mr Trump looked almost an inevitability.
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The S&P 500 had registered a 42 per cent increase from his inauguration to the very last day of 2019, unemployment was at a 50-year low, and Mr Trump's gr…
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