This election year is providing endless fodder for late-night talk show hosts, YouTubers, and columnists. But behind the daily drama, what could a Clinton or Trump presidency mean for markets? While much could change in the coming months, as well as after the election when Congress has its say, the reality is that markets anticipate outcomes. So, given what we know now, I will focus on the investment implications of the current election outcome probabilities and on four potential market-moving issues: fiscal spending, global trade, immigration, and taxes and regulation.
The Probabilities Favor Clinton
In the wake of the Democratic convention in late July and some damaging comments from Trump, Clinton's lead widened in both the national polls and important swing states, including Ohio, Florida, Pennsylvania, and Michigan. More recently, the polls have narrowed. Polls can be wrong, however, as we saw with the Brexit vote in the UK. Though…
