In our new CIO Special – U.S. Election: Running up that hill, we explore the political landscape of the upcoming Presidential elections, key issues that will shape the narrative for the race and its potential impact on a range of sectors for equity investors.

Here are some of our key takeaways from the recent report: 

  • With the U.S. presidential election less than a year away, issues surrounding the growing federal deficit, geopolitical concerns and abortion rights are beginning to shape the narrative for the race.
  • The S&P 500 has never declined during a presidential re-election year and despite the short-term market volatility that is common with election season, the performance of equities is largely agnostic to which party takes control of the White House.
  • Sector performance may vary depending on the governing party as policy differences in heavily regulated industries such as healthcare and energy may be more conspicuous during election season, leading to more volatility within these sectors...


The CIO Special below is available to download. Please refer to the Important Information at the end of the memo for disclosures and risk warnings.



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