LPL Research Market Signals Podcast

Special Pre-Election Preview

LPL Research

How stocks and the economy are doing ahead of the election matters. We look at factors driving this election from a stimulus package to COVID-19, the economy, stocks, and potential market winners and losers, plus each candidate’s proposed policies.

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From a stimulus package to COVID-19, the economy, and the stock market, there are many drivers to this election. We break them all down.

The latest

President Donald Trump announced the next fiscal stimulus bill has stalled and Republicans would instead focus on the next Supreme Court justice. There still could be some type of a skinny stimulus bill, but with time dwindling, the chances are much lower of a deal at this point. Also, technology has been one of the best groups, but fears are increasing that a Democratic sweep could provide the ammunition to break up the large tech companies. Although this is a worry, we still would focus on the fundamentals and continue to support tech going forward.

What about who wins?

We discuss all the potential market winners and losers under each candidate, while focusing on policy as well. Regulation, deregulation, lower taxes, and higher taxes, there are many potential scenarios out there. One thing we stress though is don’t let politics cloud your investments. If the economy is strong, stock prices are likely to be strong as well.

Chart - Consensus EPS Estimates Based On Various Scenarios

Tune in now

Listen to the entire podcast to get the LPL strategists’ views and insights on current market trends in the US and global economies. To listen to previous podcasts go to Market Signals podcast. You can subscribe to Market Signals on iTunesGoogle Play, or Spotify.




This material is for general information only and is not intended to provide specific advice or recommendations for any individual. There is no assurance that the views or strategies discussed are suitable for all investors or will yield positive outcomes. Investing involves risks including possible loss of principal. Any economic forecasts set forth in the podcast may not develop as predicted and are subject to change.

References to markets, asset classes, and sectors are generally regarding the corresponding market index. All indexes are unmanaged and cannot be invested into directly. Index performance is not indicative of the performance of any investment and do not reflect fees, expenses, or sales charges. All performance referenced is historical and is no guarantee of future results.

Any company names noted herein are for educational purposes only and not an indication of trading intent or a solicitation of their products or services. LPL Financial doesn’t provide research on individual equities. All information is believed to be from reliable sources; however, LPL Financial makes no representation as to its completeness or accuracy.

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. 


For Public Use — Tracking #: 1-05064086 (06/21)