An Oxford Harriman & Company Commentary
Pandemics and protests. Wildfires, market crashes, and a recession. Fortunately, the potential treat of the murder hornets did not become another 2020 event. There is no question this year has been unlike anything we have seen.
However, it is not over yet because the next presidential election is only weeks away. Over the last few weeks, many clients have asked us what the election could mean for the markets. At a time when there is so much uncertainty to deal with, the thought of adding an election to the mix can seem overwhelming, especially when the current President was recently hospitalized with COVID-19. We thought we would write this piece to discuss how we may prepare for both the run-up and aftermath of the election, as well as what the upcoming election may mean for the markets.
In less than a month we will have the opportunity to vote, and hopefully we take advantage of this privilege. Usually, voting is an uncomplicated act. However, the months before the election are anything but normal, especially in 2020. Prior to voting we endured months of a campaign season, and this year’s messages are full of negative messages on both sides. This combined with the continued anxiety surround COVID-19 has many of us on edge. To further complicate things in 2020, we will have millions of citizens casting their votes via mail, further complicating this election season as well as the outcome of the election.
The question of the day is:
“How will the election affect the markets?”
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