Investors on Main Street and Wall Street want the inside scoop on what to expect when a new President moves into 1600 Pennsylvania Avenue in 2017. Liz Claman, Host of “Countdown to the Closing Bell,” breaks down which sectors you should keep your eye on no matter which party wins the White House.
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“The very top ones everybody is focusing on, no matter who gets in are health care, banking, and infrastructure” Claman says.
While both candidates have ambitious plans to rebuild America’s crumbling roads and bridges, there are stark differences in their strategies when it comes to addressing Obamacare and inflated drug prices.
“Hospitals, health insurers, and biotech: Those are easy pinpoints to watch out for” says Claman. Healthcare stocks are the worst performing group in the S&P 500 so far this year, down about 6%. Investors are concerned that Clinton’s policies could have a long-term negative impact on these companies.
As for financials and the big banks, investors are keeping close tabs on whether there will be more or less regulation on Wall Street.
"Hillary Clinton is a bit squishy on this..."
“Hillary Clinton is a bit squishy on this,” Claman points out.
As for taxes, the candidates have radically different plans. Hillary Clinton proposes raising taxes, while Donald Trump promises widespread cuts. And in the case of the Estate Tax, Trump says he’ll eliminate it outright.
As the final countdown begins, stay tuned to the Fox Business Network as our team of experts brings you the latest numbers from the exit polls as they break, as well as smart analysis on how the outcome of this election will impact your wallet and the financial markets.
Catch “Countdown to the Closing Bell” with Liz Claman weekdays at 3pm ET.