...don’t rule out a bear market if Clinton loses, warns Don Luskin, chief investment officer at financial research firm TrendMacro. “If Trump wins … stocks will drop at least 20% just like that,” Luskin told USA TODAY. “Because markets hate to be surprised and hate it when the conventional wisdom is dead wrong. Just look at the reaction to Brexit.”
Barring an election shock, a December hike seems inevitable. It’s a mistake, but not lethal.
...Donald Luskin, chief investment officer at TrendMacro, a financial research firm, zapped out a recent report to clients titled, Let’s Talk About Something Other than the Election.
“Advance” estimates ahead of presidential elections tend to be revised sharply lower.
Sure. How about: if the election doesn’t cause a recession, will there still be one in 2017?