· One bright spot in last month’s lackluster market action was that inflation sensitive assets saw impressive relative returns.
A look at Health Care groups’ historical performance both pre-election and post-election; we identify past trends of leaders and laggards in each period.
The upcoming election is likely to have wide-ranging impacts on both monetary and fiscal policies and we expect election risk to overshadow the Fed policy risk for the time being.
Since the Milwaukee poll taken in early October, it appears that optimism has continued to build. This opinion is supported by the kinds of questions we are now fielding from clients.