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Despite the deluge of press releases on the US election , few , if any , recommended making significant changes to a long-term portfolio based on the outcome
It is worth noting that despite the deluge of press releases on the US election , few , if any , recommended making significant changes to a long-term portfolio based on the outcome . Now all the hype has died down , this seems obvious – even if the new president gets a drastic policy through the Senate , it would be nigh on impossible to obtain an informational advantage over the rest of the market before it is priced in . And as those investors who shorted the FTSE 100 in June 2016 in anticipation of a “ leave ” vote discovered , getting the big call right is no guarantee of making money .
So , what was the point ? The election is not the only subject on which investors get bombarded with information that at best has a
PERFORMANCE OF INDICES IN Q1 2020
MSCI World ( -15.65 %) FTSE All Share ( -25.13 %)
10 % |
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5 % |
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0 % |
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-5 % |
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-10 % |
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-15 % |
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-20 % |
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-25 % |
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-30 % |
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-35 %
01Jan
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09 |
17 |
27 |
04Feb |
12 |
20 |
28 |
09Mar |
17 |
25 |
Source : FE Analytics
TRUSTNET