Eighty-seven percent of investors expect a close presidential election and eighty-two percent predict a divided government, according to a March survey by Piper Sandler. Moreover, the contest will feel familiar, as it is a repeat of 2020. This is unusual as Biden vs. Trump 2024 is only the seventh rematch in U.S. history (out of 60 elections) and the first for almost everyone voting this year (the last rematch was 1956, Eisenhower vs Stevenson).

This paper examines the key policy implications of the election, particularly regarding trade, tariffs, taxes, and energy, as well as for the Fed, industrial policy, deregulation, and defense, as well as their implications for investors.

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Epoch Investment Partners (TD Epoch) Epoch

Epoch Investment Partners (TD Epoch) manages a variety of investment strategies with different investment objectives, but they share a common philosophy centered on the belief that the generation and allocation of free cash flow represents the best predictor of shareholder return.

Information provided is general information and is for educational purposes only, and does not include, or constitute as, financial product advice.