With just 20 days left before the Presidential Election Day, Barack Obama and Mitt Romney are locked in a tight race. Thus far, the candidates have held two electrifying debates and the final one will be held on Monday, October 22 at Lynn University in Boca Raton, FL.
Each candidate has shared their views about the economy, financial regulation, and national debt. Which investment categories and ETFs will benefit if Barack Obama gets re-elected? Mitt Romney?
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David B. Mazza, Head of ETF Investment Strategy at State Street Global Advisors joined Ron DeLegge, Editor of ETFguide.com and Host of the Index Investing Show to discuss which ETFs and investments will be impacted by either an Obama victory or a Romney win.
So far this year, stocks have followed their historical path of gaining during an election year. The S&P 500 (NYSEARCA:SPY) is ahead by 14.64%, the Dow Industrials (NYSEARCA:DIA) are up by 9.54%, and the technology heavy Nasdaq-100 (NASDAQGM:QQQ) has jumped 19.56%.
Another topic covered on the podcast is the U.S. government's massive debt of $16.11 trillion. At its current pace, the statuary borrowing limit of $16.39 trillion will be reached in December 2012. That leaves open the possibility for a repeat of the August 2011 debt limit drama.