Post-Election Impact on U.S. Equity Markets

November 9, 2016

“In the short run, the market is a voting machine but in the long run, it is a weighing machine.”  

– Ben Graham

 Uncertainty and surprise lead today’s market volatility

U.S. futures were pointed lower this morning and U.S. equity markets are expected to move in volatile action today as a result of the U.S. presidential election. In our position, last night’s election results do not indicate any substantial change of equity outlook in the near term.

NorthCoast Reduces Equity Exposure Ahead of U.S. Election

November 3, 2016

 

What happened in October?

Ahead of the U.S. election and Federal Reserve meetings, global equities retreated in October posting their largest monthly declines since January. Uncertainty across multiple asset classes including equities, fixed income and real estate is pushing volatility measures higher. October also witnessed the mergers of multiple industry titans. Almost a half a trillion dollars of mergers and acquisitions were announced globally, an all-time high.