Some Long-Term Positives for Financials Amid Election
Volatility will be a negative for some traditional asset managers, while investment banks and exchanges should benefit from higher trading levels.
Donald Trump's unexpected presidential victory in the U.S. has certainly surprised the global financial markets, and we expect a fair amount of volatility in stock, bond, and currency markets (particularly the Mexican peso). While Trump's campaign rhetoric has lacked detail, some common themes provide insight into what kind of financial and economic policies his administration might pursue. Broadly, the potential for both short- and long-term stock, bond, and currency market volatility should be viewed as a negative for traditional asset managers like
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