“Depending on which field, which area you are in, you will have your favorite.”
While Trump may be a businessman and focused on reducing red tape and taxes — and the markets had a good run during his last presidency — Harris presents little concern when it comes to national risks, said Mona Heidari, senior financial advisor at BlueShore Financial. .
This “contributes to strong investor sentiment and strong investor confidence to invest in the stock market,” Heidari said.
Can the proposed policies drive inflation?
In a conference call to discuss the latest results of Gildan Activewear Inc., CEO Glenn Chamandy said Thursday that the prices are adding to costs and could cause inflation, but it is still unclear what the overall effect will be. He expressed his hope that Gildan will not be disadvantaged.
“If prices go in, they go in for everybody, so we’re going to be in the same situation we’re in today,” he told investors on the call.
Higher government spending—likely to be done by both candidates—could increase, making inflation stronger, said Kevin Headland, chief investment strategist at Manulife Investment Management. So are taxes and tax cuts, he added.
A TD Economics report from mid-October said Democrats “have a track record when it comes to stock market performance,” but this may be an indication of the state of the economy when they take office.
Currie noted that the health care sector usually does the worst in US election years, and that’s exactly the case this time. Both parties like to say before the election that they will fight big drug companies and insurance companies, but their promises are often broken, he said.
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