Topic: How To Invest

What is Pat’s commentary for the week of November 15, 2016

Article Excerpt

Dear Inner Circle member: We’ll learn a great deal about President-elect Donald Trump’s plans over the next few weeks as he appoints staff, advisors and cabinet members. Meanwhile, investors face a period of uncertainty. But it’s fair to make some basic assumptions: Prior to November 8, investors had every reason to assume that Hillary Clinton and the Democrats were headed for victory. So, most investors had braced themselves for more of the same policies they got from President Obama: more tax increases, and more complex and costly regulation. This was sure to mean continued business uncertainty, which would depress business investment. This would have held back economic growth, which is already down at a post-World War Two low. In short, investors had every reason to assume a continued weak economic and business environment. With Trump’s plan, we can expect tax and regulatory policies that are friendlier to investors and business. In fact, we may see broad-ranging tax reform that could wipe out decades of…