Markets dislike uncertainty, and the recent midterm elections were no exception. Despite the market volatility brought on by unknowns leading up to these elections, historically, markets tend to be positive in the second half of a president’s term—comforting news for uneasy investors.
Although “markets are not political,” according to Bill Norris, chief investment officer and head of asset management for CIBC Bank USA, policy may provide clues as to where investment opportunities and risks lie. In our recent Advisor article, “Midterm Election 2018: Policy and Market Implications,” we break down the major policy implications from the midterm election results and what these may mean for investors.
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Bill Norris is chief investment officer and head of asset management for CIBC Bank USA. In this role, he oversees investment management, trust and estate services to individual and institutional clients of CIBC Bank USA. Bill also serves as a member of CIBC Private Wealth Management’s Asset Allocation Committee.
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