Some final commentary on the eve of America's Presidential election. Love it, or hate it, our southern neighbors are one of the biggest straws stirring the global economic drink, so tomorrow means something to any investor. In the midst of a global pandemic, and with information (accurate or otherwise) flowing out to the end user, at a rate never seen before in our lifetime, the lead-up to tomorrow's election has been unlike anything we have ever seen before. While I am not here to debate the merits of Republican or Democrat platforms, I will offer some personal thoughts.
There exists good and bad in each campaign platform. It can also be said that the outcome is not as binary as some may lead you to believe --- (one side wins = good.....other side wins = bad). Reality exists somewhere in the middle of that spectrum of outcomes. History, as it always does, will judge a presidency long after it has concluded its term or terms. Not the day after it is done. It is also unrealistic to expect that any change in government will automatically lead to immediate results, either favorable or otherwise. As an observer, I will watch, listen, let the results sink in, and plan for a possible range of outcomes......
Politicians are going to politic, News platforms are going to news (however I wish this was done more objectively).
Investors however, are going to invest, which is why we need to be pragmatic in our approach. Unless we truly feel that there will be some cataclysmic long term effect as a result of November 3rd 2020, we need to treat it as it is...... Slightly more important than any other day on the calendar, but not worthy of tectonic shifts in our investment approach, or our portfolio management philosophy.
Good luck to my American relatives, friends and clients. Get out there and exercise your right to vote!
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