Company executives can’t stop talking about the US election.
Eddy Gifford, wealth advisor at TACTIVE, Tech Space for Active Investing, gives his thoughts on the potential impact of the U.S. election on the markets.Earnings calls in recent weeks have been filled with talk of uncertainty about the aftermath of Tuesday’s election, which has delayed spending as potential policy changes loom large.
It’s not just companies hitting the pause button until voters decide which party will control the White House and Congress. House builder D.R. Horton Inc. said it wasn’t just higher interest rates holding back potential home purchasers. “The volatility of rates combined with general uncertainty during the election season is causing some buyers to stay on the sidelines in the near term,” CEO Paul Romanowski told analysts.
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