Our perspective on global micro event and strategies.
As the director of Technical Analysis, David manages long-only global equity portfolios and provides comprehensive technical research on global equities and equity indexes as well as fixed income, currency, and commodity markets to the firm’s portfolio managers and analysts, as well as external clients.
With the prospect of a Democratic sweep looking more and more plausible with each passing day leading up to the US election, some observers note that such an outcome could usher in major policy shifts in taxation, health care, energy, and perhaps tech regulation for 2021 and beyond. Should investors start repositioning their portfolios accordingly? Not so fast.
I tend to be skeptical of government policy-driven trades playing out to the extent that financial markets often anticipate. Indeed, there have been several political changes in recent years whose impact on assets has turned out to be fleeting and, in some cases, just the opposite of…