Market Signals for the Election
Election 2020 is one week away, and markets are reacting. LPL Government Relations’ Nana Nyanin provides an insider’s insights on the election, balance of power in the Senate, and the proposed stimulus bill. Also, what GDP numbers may tell us.
Election 2020 is right around the corner, earnings season is in full swing, and the economy is improving, but new COVID-19 cases have jumped higher. We discuss the current market environment and host a very special guest to discuss the landscape in Washington, DC.
The economy is improving even though we’re faced with a record number of new COVID-19 cases. With the election only a week away, many investors are on edge. The CBOE Volatility Index (VIX) is still above 30, indicating potential worry and volatility, while the credit markets are surprisingly calm. It is a confusing backdrop for sure.
Nana Nyanin is an AVP on LPL’s Government Relations team and works as one of LPL’s lobbyists and policy analysts on Capitol Hill. She joined the podcast this week to discuss the election, Senate balance of power, the 2016 election versus this year’s, the Supreme Court, filibusters, and more.
A close race
Although the polls have presidential candidate Joe Biden in the lead, this race could be much closer than many of the experts think. Stronger stocks, a weak US dollar, improving gross domestic product (GDP), and higher incomes all historically have supported the incumbent president. We discuss why this election may be closer and the potential impacts.
Tune in now
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All index data is from FactSet.
All information is believed to be from reliable sources; however, LPL Financial makes no representation as to its completeness or accuracy.
This Research material was prepared by LPL Financial, LLC.
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