The votes are in and I’d like to congratulate President Obama on his re-election.
This was a hard-fought campaign and now that we know who will occupy the White House for the next four years, the uncertainty in the markets that we’ve seen in the last several months should finally begin to dissipate.
To give you a quick update on our stocks and what to expect going forward, I’ve uploaded a special podcast with my thoughts on the election:
In it, I detail what to expect going forward. Here’s a preview:
- Corporate stock buybacks are going up and consumer stocks will remain strong.
- There’s going to be a lot of attention in the next couple months on the fiscal cliff since gridlock in DC is here to stay.
- The dollar is already weak this morning—and I expect it to remain relatively week into the near term. This is great news for multinationals.
- And the 0% interest rate environment we’re in is going to continue, thanks to the Fed.
In this environment, we’re going to continue to chase yield and go to those stocks with the most sustainable dividends and fundamentals.
We’ve got some distractions coming up in the next few months due to the fiscal cliff, and I’ll continue to keep you up-to-the-minute on the latest news and headlines.