103. The US election: an early take for investors as votes are still counted

As the votes are still being counted, James Ashley, chief markets strategist at Goldman Sachs, gives the Investing on the Go podcast listeners his early take on the US election. James outlines the key States still to call, tells us about the role of the House and the Senate, and discusses what investors can expect in terms of stock market reaction. He also tells us why the US election isn’t the only story in town and why investors shouldn’t write off emerging markets.
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Established in 1988, Goldman Sachs Asset Management has more than 2,000 professionals in over 30 offices worldwide. Awarded the Elite Equities Provider rating in 2017, 2018 and 2019, it offers investment products in fixed income, equities, commodities and real estate.

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What’s covered in this podcast:

  • Early reaction to the US election and which key States are still to call [0:31]
  • The role of the House and the Senate and what different political outcomes could mean [1:16]
  • Implications for stock markets and how they have reacted this morning [3:10]
  • Whether economic stimulus is more important for investors than who is named President [5:16]
  • The concentration of the US stock market in big tech stocks [9:01]
  • How voter engagement demonstrates the polarisation of US society [11:46]
  • The impact of the result on emerging markets and trade wars [12:47]
  • Why investors shouldn’t look at the US election in isolation – there are other more important factors at play [14:57]
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