With just over one month to go until the presidential election, the political rhetoric continues to provide a dramatic backdrop to the investing and economic environment. At Greenwood Gearhart, we have received calls from clients and friends of all political persuasions asking: “What in the world are we going to do if [insert candidate’s name here] is elected President?” It is a natural question to ask after all, as this election has – more than any in history – brought forth two polarizing personalities as nominees.
Barring some major outlier event, it is virtually certain that one of the two major party candidates will be elected as our next President on November 8th. As is the case in most elections, nearly half of the electorate (and media for that matter) will be disappointed with the result and predict ensuing catastrophe in the financial markets. The root of the question “what in the world are we going to do” seeks a response of something drastic, something outside the norm, something to protect client portfolios if either outcome occurs.
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