At the same time, he would run into the same institutional constraints that Clinton would face, and possibly even more. Although he is running as a Republican, Trump is facing substantial resistance from large elements in the party. House Speaker Paul Ryan, for example, has so far refused to endorse him over concern about his policies. Many of his ideas are, by design, outside the current political consensus. With Democrats likely to be hostile and Republicans mixed, Trump’s chances of enacting significant changes, particularly in the short term, aren’t high.
Put simply, quite a bit would have to happen to bring about the kind of changes that might affect the market. We can certainly expect more turbulence as the race evolves, but that would happen anyway. Bottom line: there’s no political reason to modify your portfolio in the near future.
Brad McMillan is the chief investment officer at Commonwealth Financial Network, the nation’s largest privately held independent broker/dealer-RIA. He is the primary spokesperson for Commonwealth’s investment divisions. This post originally appeared on The Independent Market Observer, a daily blog authored by McMillan.