Investors should tune out political ‘noise’: Strategist

Stock markets (^DJI, ^IXIC, ^GSPC) have been on an upward trajectory since Donald Trump’s re-election to the White House on Wednesday. Creative Planning chief investment officer Jamie Battmer joins Morning Brief to offer insights on how investors should approach this environment. Battmer cautions that election-related volatility should not “dictate decision-making” regarding investor portfolios. He notes that the rhetoric surrounding markets and elections is “oftentimes the exact opposite of what occurs.” To illustrate this point, Battmer explains that sectors historically associated with Democratic administrations, such as renewable energy, have actually performed well under the Republican Trump presidency, contrary to how they fared during the Biden and Obama eras. He also points to Big Banks, which did not have the same outperformance under Trump as a democratic president. “Don’t let the noise, the rhetoric drive things,” Battmer advises. “Focus on what you can control, some of those key end-of-year things in broader diversification and asset allocation decisions.” Instead, he recommends that investors consider rebalancing their portfolios, funding charitable accounts, and exploring accounts that can provide optimal returns.
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