Charles Schwab Market Commentary: Global impact of a 'Blue Wave' election outcome
Campaign proposals do not always result in legislation – this is one of the facts of life of American elections. That said, the Democratic Party has targed five key areas for change: Taxes, labor, the environment, oil, and trade.
The potential change in U.S. political leadership, therefore, could well introduce more risk to earnings and market performance of U.S. stocks, and lead to a relative outperformance by comparison of international markets.
Here, Jeffrey Kleintop, Senior Vice President and Chief Global Strategist for Charles Schwab & Co., considers the possible impacts a "Blue Wave" in the U.S. election could have on the economy, and markets.