Deregulation of businesses, including the financial industry, is probably going to happen and the requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act will be scaled back or eliminated. This will be good for business and for the financial industry, which in turn will improve the economy, he says. Pharmaceuticals and the energy sector also will benefit from less regulation.
“From an investment perspective in the United States, this is a good place to be right now, although we may see some turbulence,” says McMillan.