The assassination attempt against former President Donald Trump has raised many questions over the impacts it may have on the election as well as markets.
John Hancock Investment Management Co-chief investment strategist Matt Miskin joins Wealth! to give insight into the potential impact of the election on the broader market and what other factors are driving trading.
Miskin argues it markets are more impacted by deficit spending rather than who wins: "It all comes back down to greater deficit spending, and this isn't whether it's Republican or Democrat, really in the last eight years, regardless, it's been increasing deficit spending so that in theory, increases Treasury supply, increases Treasury yields."
He continues with: "So you've seen the long end of the Treasury yield curve increase... the 30-year's actually uninverting from the 2-year for the first time in a long time. So that usually had meant weakness on small caps, weakness on financials. And now the thought is less regulation on small caps and financials that actually helps those parts of the market. So it's a big change actually underneath the hood of the market here as politics move to more of the front and center as a market driver."
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