In what promises to be a photo finish, the Presidential election and control of Congress will set the tone for global markets and ETFs heading into the end of the year. Markets like certainty, the old adage goes, and so today could bring some of that precious commodity to the global stage.
However, that certainty is likely to be short lived as Europe and the fiscal cliff could quickly retake center stage.
But investors will be watching carefully to see which candidate emerges as the winner because the outcome will likely have an impact on which sectors could fare better in coming months.
Major U.S. Index ETFs
Dow Jones Industrial Average (DIA) +0.15%
S&P 500 (SPY) +0.22%
Nasdaq 100 (QQQ) +0.63%
Russell 2000 (IWM) +0.63%
Generally speaking, energy companies and ETFs like the United States Oil Fund (USO) are expected to fare well under a Romney Administration while health care ETFs like the SPDR Select Health Care Fund (XLV) would be expected to prosper under a second Obama term. Gold (GLD) would likely face more favorable prospects with President Obama than with Governor Romney.
Bottom line: The seemingly never ending Presidential campaign ends today and should bring some certainty to future government policy in such important areas as taxation, dealing with the deficit and the rapidly upcoming fiscal cliff. Still, many challenges remain and the real work starts after the votes are counted and the victors declared.
Disclaimer: The content included herein is for educational and informational purposes only, and readers agree to Wall Street Sector Selector’s Disclaimer, Terms of Service, and Privacy Policy before accessing or using this or any other publication by Wall Street Sector Selector or Ridgeline Media Group, LLC.
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U.S. Stocks And ETFs Look To Election Day
Published 11/06/2012, 01:49 AM
Updated 05/14/2017, 06:45 AM
U.S. Stocks And ETFs Look To Election Day
In a quiet session, U.S. stocks and ETFs edged higher yesterday as investors watch and wait for today’s widely anticipated national election.
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