Connecting the Dots: The Election and the Markets

The Election. That’s been the biggest story these days. On Saturday, November 7th, the race was called and showed that Joe Biden will become the next President of the United States. President Trump has not accepted the results, nor do I foresee him doing so. Many of his supporters have called out election fraud. I can say that living in Nevada, that there have been several friends of mine that have told me that their votes did not count. Meaning that when they went on the website to track their votes, it was not counted. Does this indicate widespread election fraud? Or is it just because all the votes have not been counted yet? I don’t know. I’d hope that our election process is fair and that the people’s voices have been heard in the choosing of our next president. I believe the process to be fair, so I’m hoping that this discrepancy is due to the vote tally not being completed yet. 

But one thing that cannot be understated is the massive division we are facing today in the United States. We cannot forget that over 70 million people voted for President Trump while another 74 million voted for Joe Biden. It's been an interesting experience for me. I’ve had many friends on both sides “coming out” to me as voting for one candidate over the other, afraid of consequences for doing so. And though some of these friends I disagree with politically, they are and will remain my friends. This division is not healthy. But the change starts at the individual level. I ask everyone who has a friend or family member on the so-called “other side” to reach out to them and see how they are doing. Refrain from having a political conversation and instead have a friend to friend or family member to family member conversation. I can guarantee you that there is more that unites us than divides us. Once we see that, we’ll be able to move forward to a path of greatness that lies ahead for this country. But until then, the fighting and bickering will continue. 

Now, this blog post will be shorter than previous ones. I, like everyone else, have been glued to my tv and trying to figure out what will happen next. Due to this, I picked a few economic updates I thought were important to bring to everyone’s attention. I also sat down and talked with Dr. Clemens Kownatzki about the election and its effect on the markets moving forward. 

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