John Faso on the Implications of the Presidential Election
11 November 2020
In this episode I speak with John Faso, former U.S. Representative for New York’s 19th congressional district about the state of politics and the recent election. What does a Biden administration mean for taxes, municipalities, climate policy and China?
Now What?
Last week, U.S. presidential elections were held and as many predicted, a certain outcome wasn't immediately available. However, over the weekend it became clearer that Joe Biden would edge out Donald Trump, but also that a blue wave wouldn’t materialize. Notably, while not totally finalized, it appears the Senate will remain in Republican control and the House of Representatives remains under the Democrats control.
The stock market seemed to respond well to the potential election outcomes and was actually up, which might surprise some who consider Democrats to be less friendly to Wall Street than Republicans. This may be a reflection of the market's belief that a divided government is a good outcome where a Republican Senate can counter progressive Democrats' spending proposals.
Trend or Fad
Listen for Mr. Faso’s take on non-partisan redistricting, ESG, cryptocurrency, high voter turnout and legalized marijuana.
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This is a marketing communication for professional investors only. Please refer to the UCITS prospectus and to the Key Investor Information Document (KIID) before making any final investment decisions.
This is a marketing communication for professional investors only. Please refer to the UCITS prospectus and to the Key Investor Information Document (KIID) before making any final investment decisions. This information originates from VanEck Securities UK Limited (FRN: 1002854), an Appointed Representative of Sturgeon Ventures LLP (FRN: 452811), who is authorised and regulated by the Financial Conduct Authority in the UK. The information is intended only to provide general and preliminary information to FCA regulated firms such as Independent Financial Advisors (IFAs) and Wealth Managers. Retail clients should not rely on any of the information provided and should seek assistance from an IFA for all investment guidance and advice. VanEck Securities UK Limited and its associated and affiliated companies (together “VanEck”) assume no liability with regards to any investment, divestment or retention decision taken by the investor on the basis of this information. The views and opinions expressed are those of the author(s) but not necessarily those of VanEck. Opinions are current as of the publication date and are subject to change with market conditions. Certain statements contained herein may constitute projections, forecasts and other forward-looking statements, which do not reflect actual results. Information provided by third party sources is believed to be reliable and have not been independently verified for accuracy or completeness and cannot be guaranteed. Brokerage or transaction fees may apply.
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