Midterm Elections - Part II: How does it affect advisers?
So now that Congress has turned a pleasant shade of blue, how is this going to affect advisers? Investment Advisor Magazine interviewed Liz Ann Saunders, Schwab’s chief investment strategist to see what she thought:
[audio:http://www.investmentadvisor.com/events/IAPodcastSonders.mp3]She sums it up in the first few sentences:
“What does this mean for advisers and their clients? I don’t think it means a heck of a lot. I think there will be a lot of rhetoric now that may cause some issues with the market, particularly at the sector level. There will be a lot of hearings, so there is some uncertainty. But as far as actual policy change, I think that will be limited—certainly in the Senate.
WealthFly » Midterm Elections - Part III: Pundit Predictions said,
November 20, 2006 at 6:44 pm
[…] Bill Carlino, Editor-in-Chief of Accounting Today agrees that [new head of House Ways and Means] Rangel won’t make any major revisions to the tax code. Sara Hansard at Investment News also predicts bureaucratic gridlock, with no major changes. In a second article, she goes one step further forecasting “all out war” between Bush and Congress. As I mentioned in a prior post, Schwab’s crystal ball, in the form of chief investment officer Liz Ann Saunders, shows no major market movements, except possibly at the sector level. […]