GOP Sweep Would Ignite Animal Spirits, $12 Billion Adviser Says
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Investors should be prepared for US market volatility and lower long-term returns on stocks whether Donald Trump or Kamala Harris wins the Nov. 5 presidential election, money managers said at a Bloomberg event in Los Angeles.
Todd Morgan, chairman of Bel Air Investment Advisors, which manages $11.5 billion for high-net-worth investors, said the current investment climate resembles the Roaring ’20s, with a strong economy and societal change in the wake of a pandemic.