The upcoming U.S. elections in November continue to make headlines, north and south of the border. The Market Online discusses the election impact on the U.S. and the Canadian markets with Mathis Baumbach, portfolio manager and investment advisor with Richardson Wealth.
We discuss how the current candidates potentially affect the markets, with a focus on the Canadian side as well as the statistical history of Republic and Democratic leadership on market performance.
In relation to the election, Baumbach discusses how corporate taxes, immigration and green energy policies affect the market in Canada.
On a general note, Baumbach shares his expertise on the recent market pullback, stock overvaluation and what’s needed to regain the strength of the first half of the year.
“I’m a big believer in trends. I think the trend is your friend. And we are still in a technical bull market,” Baumbach says.
Of course, we also look at the precious metals market and what factors impact the price of gold.
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