Trends with Benefits #34: John Faso on the Implications of the Presidential Election
November 10, 2020
Listen Time 26:01 MIN
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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IMPORTANT DISCLOSURES
Please note that VanEck may offer investments products that invest in the asset class(es) or industries included in this podcast.
The views and opinions expressed are those of the speaker(s) but not necessarily those of VanEck. Commentaries are general in nature and should not be construed as investment advice. Certain statements contained herein may constitute projections, forecasts and other forward looking statements, which do not reflect actual results, are valid as of the date of this communication and subject to change without notice. Information provided by third party sources are believed to be reliable and have not been independently verified for accuracy or completeness and cannot be guaranteed. Any discussion of specific securities/financial instruments mentioned in the commentary is neither an offer to sell nor a solicitation to buy these securities. Fund holdings will vary. All indices mentioned are measures of common market sectors and performance. It is not possible to invest directly in an index. Information on holdings, performance and indices can be found at vaneck.com.
All investing is subject to risk, including the possible loss of the money you invest. As with any investment strategy, there is no guarantee that investment objectives will be met and investors may lose money. Diversification does not ensure a profit or protect against a loss in a declining market. Past performance is no guarantee of future performance.
Van Eck Associates Corporation
IMPORTANT DISCLOSURES
Please note that VanEck may offer investments products that invest in the asset class(es) or industries included in this podcast.
The views and opinions expressed are those of the speaker(s) but not necessarily those of VanEck. Commentaries are general in nature and should not be construed as investment advice. Certain statements contained herein may constitute projections, forecasts and other forward looking statements, which do not reflect actual results, are valid as of the date of this communication and subject to change without notice. Information provided by third party sources are believed to be reliable and have not been independently verified for accuracy or completeness and cannot be guaranteed. Any discussion of specific securities/financial instruments mentioned in the commentary is neither an offer to sell nor a solicitation to buy these securities. Fund holdings will vary. All indices mentioned are measures of common market sectors and performance. It is not possible to invest directly in an index. Information on holdings, performance and indices can be found at vaneck.com.
All investing is subject to risk, including the possible loss of the money you invest. As with any investment strategy, there is no guarantee that investment objectives will be met and investors may lose money. Diversification does not ensure a profit or protect against a loss in a declining market. Past performance is no guarantee of future performance.
Van Eck Associates Corporation