Retire First Newsletter
Nov 2020 – Download here!
All Eyes on the Most Influential Person in the World by Doug Allan
When it comes to the markets or economy, I think Presidents get far too much blame when things go poorly and far too much credit when things go well. Sure, the President can impact sentiment and tax rates that can, and do, play a role in the decisions consumers and businesses make. In the big picture, however, the government in the USA remains divided. That is not new; we have had that already for 8 of the last ten years. History has shown that stocks have done well in this environment. With a divided government, you get minimal sweeping reform. Some things will likely never change as governments will probably always spend more than they take in. In the end, many current significant issues will likely remain, like the electronic revolution and the made in America theme.