There’s one key reason why the U.S. secure marketplace rallied nearest this day’s presidential election, and it wasn’t essentially as a result of the end result, in step with Dan Clifton of Strategas. “What we saw was that the market was pricing in a 50-50 election. [Investors] didn’t know who was going to win,” Clifton, the company’s head of Washington coverage analysis, informed CNBC’s Dominic Chu on this particular Professional Talks dialogue to be had to all readers. “I think you saw a rally, not because one party won or one party lost, but because the market was concerned we weren’t going to know who the winner was for one week or two weeks, given the close nature of the race.” Rather, “we had it very clear … we knew [President-elect Donald Trump] was going to win,” he mentioned. (Professional subscribers can observe the overall interview right here .) On this distant portion of the actual CNBC Professional Talks, Clifton talks about: Why he thinks this used to be the “most investable election of our lifetime” How the marketplace, financial and geopolitical ground may alternate in a 2d Trump management The possibility of govt gridlock — even nearest Republicans fasten slender majorities in each the Area and Senate, and what it would ruthless for shares Subscribe to CNBC Professional for unique insights and research, and reside trade occasion programming from world wide.
