Capital Markets Summer 2020

IV

Something in Common The Election

• Fiscal stimulus and resulting larger deficits, through lower taxes or higher spending, are increasingly acceptable to both parties, as evidenced by the recent coronavirus relief bill

I

‒ This may benefit the entire stock market more than many expect

Republicans

Democrats

II

• Lower Taxes • America First/ Tariffs as Weapons • Border Control • Gun Rights • Pro-Life • Private Sector Health Care • Reduced Regulations

• Higher Taxes; Higher Wages • Coalitions to Work with Allies • More Free Borders

III

Deficit Spending

IV

• Gun Control • Pro-Choice

• Government Health Care • Environmental and Worker Protection

V

VI

Source: Alger.

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