Bessemer Trust (Holly MacDonald, Barbara Stern & Elise Mordos): Elections and the Markets Q&A (July 31, 2020)

Bessemer Trust has released a research paper on the impact of the upcoming election on the financial markets. It addresses the following questions:

  • How much do politics matter for markets, and how can an investor have an edge in anticipating political shifts?
  • Should we throw out the polls?
  • Is this election cycle going to be completely different due to COVID-19?
  • Would a “blue wave” (with Biden winning the White House and Democrats taking the Senate and retaining the House) sink the markets or be a prelude to calmer seas?
  • Does the vice president matter?

The Bessemer Summary is as follows:

  • We share Bessemer’s investment approach in the lead-up to the November elections given what is likely to be a period of heavy news flow and at least some uncertainty in the investment landscape. 
  • Specifically, we explore the impact of politics on financial markets generally and focus on several key questions related to the 2020 elections and Bessemer’s portfolio positioning. 
  • As the situation inevitably evolves over the next several months, we expect to provide additional updates.

To download the research paper, click Bessemer Trust (Holly MacDonald, Barbara Stern & Elise Moods): Elections and the Markets Q&A (July 31, 2020).

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal..

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