Psm Private Wealth Management Blog PSM Private Wealth Report- Election 2016

Checks and Balances An election is over. But not really. Like the British vote to leave the European Union, we can expect several stages of response to this event. First, a volatile response (we saw that on election evening as the global markets violently reacted to the news of a new and unexpected election result); second, a calming as we begin to realize that any change under a new administration will take time to develop; third, periodic stretches of volatility as policy becomes clear. Uncertainty is not something investors or markets find comfortable, so we need time to understand the new environment.read more