The 2020 election is poised to mark an inflection point in our country’s future. The parties offer starkly different views on issues that will define American policy for years to come. The economy is paramount, but many of the country’s most contentious issues will be on the table, including trade, healthcare, taxation, fiscal policy, foreign relations, infrastructure, immigration, individual rights, and others.
In addition to these substantive issues, the election could act as a referendum on the incumbent’s personality and performance. The House impeachment inquiry only adds to that dynamic.
Although the election run-up will overhang the upcoming year’s events, Washington still must address the country’s business. Congress will seek to fund the federal agencies; continue oversight of companies in the technology, financial services, and other sectors; and pass legislation expanding the ability of workers to save for retirement. At the same time, the president will continue to pursue a trade policy of imposing tariffs and negotiating favorable trade agreements.
Andy Friedman and Jeff Bush have collaborated on a 2020 presentation that addresses all of these issues. They share their insights on the upcoming election, from the Democratic primaries and nomination through the election of the president, House, and Senate in November. Their discussion provides a unique analysis of the factors likely to influence the result and the markets’ reaction. Their presentation also delves into the market effects of the House impeachment inquiry. Finally, they analyze and predict the outcomes and consequences of substantive matters – such as trade – that Congress and the president are likely to undertake in the coming year.
In addition to these insights, their presentation provides strategies that investors and financial advisors can consider to take advantage of (or protect against) market effects and volatility arising from Washington initiatives and the road to the election, as well as specific strategies for investment, wealth transfer, and retirement planning.