There is always more to the markets than what is seen on television and blasted from the headlines. Careful consideration of all aspects of an investment – political, demographic, economic, and relative value, to name a few – must be made when considering the broader implications of that investment on the portfolio.
Harris Financial Advisors recently held a series of presentations in conjunction with the Miller Center, a non-partisan public policy think tank. We listened to secret recordings from the Kennedy, Johnson and Nixon administrations and discussed their relevance to the recent Presidential election.
Watching the election results I am overcome with a feeling of déjà vu. The Brexit vote was a shock for many of the same reasons as tonight’s results are a shock – the polls predicted a Clinton victory just as a Brexit Stay victory was predicted.