Wall Street stumps about political risk
The presidential election is eight months away but “political risk” is already being felt on Wall Street, as money and politics collide in a flurry of often “polarizing and populist” campaign sound bites that investors fear could weigh on the economy, financial markets and global trade.
“Is political risk on the rise? Yes," says Mark Luschini, chief investment strategist at Janney Montgomery Scott: “The polarizing, populist rhetoric pointing at select industries, trade and tax policy is an influencing factor in the market’s volatility.”
Wall Street loves certainty. But the 2016 race... read more