The writer is president and chief investment strategist at Yardeni Research
Predicting political outcomes in the US is a much more hazardous profession than predicting the country’s stock market. Now try doing both, ie, predicting the outcome of the coming presidential and congressional elections and the resulting impact of the political and policy changes on the economy and financial markets.
Let’s give it a shot but narrow the exercise to what the next four years might be like if Donald Trump returns to the White House for a second term. That seems increasingly likely after the first presidential debate between Trump and Joe Biden.
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