MARKET & ECONOMY VIEWS
US Election 2020
Every four years, as the US election rolls around, investors face the uphill task of interpreting the shifting political sands and how they might affect their portfolios. Here, Newton analyst Laura Sheehan considers the question of how a Trump or Biden win could change the outlook for the energy sector.
President Donald Trump’s withdrawal of the US from the United Nations’ Paris Agreement on climate change caused significant backlash for the world’s most powerful nation. Yet Newton Head of Responsible Investment Andrew Parry believes the country remains an extremely attractive base for renewables investment. Now, investors wonder what impact the upcoming presidential election might have on this growing market.
With the US economy so dependent on the power of consumer spending, how might the upcoming presidential election outcome alter the sector’s outlook? Could the prevailing and future political landscape take a back seat to bigger influences driving change in the retail sector?
Since Covid-19 changed the world as we know it, everything from campaigning to voting has materially changed. From voter registration—to the process of voting itself—traditional processes to pick a president have been upended in unprecedented new ways, according to Chris Lucas, director of government affairs at BNY Mellon.