2016 ROI Fourth Quarter Edition with Q & A HIS Capital Group Edition | Page 19
Looking through our mail bag of questions sent in by clients, colleagues, and our readers
we’ve found so many sharing the same concerns that we thought we would share a portion
of the transcripts from a recent mastermind call.
Group: Which candidate was a better option for my
bottom line?
HIS: So many theories used to forecast market
movement like The Presidential Election Cycle Theory
which says markets are weakest in the year following
the election regardless of which party is in office. Then
there is the January Effect and of course “Sell in May
and Go away”. There are exceptions to every rule in
fact while the Theory held up for most of the 20th
century it has been less reliable of late & especially the
last 4 years. The first year after Obama’s second term
saw a 27% increase.
Group: Okay then, how does the president’s party
affect the market?
HIS: Research shows that since World War II under
Democrats the annual growth rate for stocks was 9.7%
and just 6.7% under Republican rule.
A recent academic study titled “What to expect when
you’re electing” found that there is no systematic
difference between Republicans & Democrats when
it comes to the stock market. What does matter is
interest rates. The market does better when rates are
lower.
Group: As the only lender in this group what do
you see as the market’s #1 risk?
HIS: As we stated earlier rising interest rates are no
friend to the market but, what is truly worrisome is
the lack of “deleveraging” throughout the globe. Many
countries have become more indebted. Debt driven
growth has limits, the more that is borrowed, the more
likely it is for lenders and borrowers to pull back. Private
debt is high in advanced and emerging markets; this is
what we need to keep an eye on.
Group: The Federal Bank of NY releas
ed it’s report on household debt triggering news
reports that there is a new“bubble”. Have you heard
anything about that?
HIS: Well, yes and no. There are so many variables
to look at but the largest factor we think that
could certainly raise problems is student loan debt
which has increased from $100 Billion in 2010 to
approximately $1.26 Trillion today. It’s a pretty
obvious problem since loans are not being
serviced. In fact we read that the Wall Street
Journal that 40% of Americans who borrowed from
the governments main program are either not
making payments or behind. There is also auto loan
debt now over $1 Trillion which continues to
accelerate but frankly, while that is a hefty number it
is nothing compared to the mortgage meltdown.
Group: What tips did you have to share with us
and your investors especially those from abroad
you mentioned called you everyday leading up
to the election?
HIS: Stop paying attention to all the doom and
gloom and pay attention to economic indicators and
trends. Use our history as a guide and expect market
volatility. Finally, diversification is critical to your
long term success. If “flips” are what you are into,
take some of the money from each project and start
adding a cash flow component to your business, if
not you won’t make it through the next correction.
If you would like to ask our team, or our
economist a question to be featured in the next
edition or on a future webinar, please email
it to [email protected]. If you would like
more information on our webinar series please
visit us at www.hiscapitalgroup.com.
Merry Christmas from everyone at
the HIS Capital Group team!
www.hiscaptialgroup.com
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