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Review the latest Weekly Headings by CIO Larry Adam.
Key Takeaways
A New Chapter in Politics Set to Begin Every four years, the nation swears in a new president. On Monday, President-elect Trump will be sworn in as the 47th president of the United States. Alongside the pomp and circumstance of Inauguration Day, the markets will be closely monitoring the expected flurry of activity, largely through executive actions, as Trump returns to the White House for his second term. We will keep a watchful eye on these actions, as they have the potential to alter the economic landscape and financial markets in the weeks and months ahead. As we close the chapter on Biden’s presidency, we take a moment to reflect on his legacy. While Biden will leave office with the lowest approval rating of any president (~37%), the economic and financial market results under his administration were mixed compared to history. Below, we provide a summary for Biden’s overall performance on the economy and financial markets:
All expressions of opinion reflect the judgment of the author(s) and the Investment Strategy Committee, and are subject to change. This information should not be construed as a recommendation. The foregoing content is subject to change at any time without notice. Content provided herein is for informational purposes only. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct. Past performance is not a guarantee of future results. Indices and peer groups are not available for direct investment. Any investor who attempts to mimic the performance of an index or peer group would incur fees and expenses that would reduce returns. No investment strategy can guarantee success. Economic and market conditions are subject to change. Investing involves risks including the possible loss of capital.
The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. Diversification and asset allocation do not ensure a profit or protect against a loss.