AUTHOR: TOWNE SCHERER.COM 10/17/2016: Towne
Scherer Private Wealth Management BLOG:
Clinton’s Improving Poles
U.S stocks move higher Monday, 10/11, on news of Hillary Clinton’s expanding lead in the U.S. presidential campaign, according to a 10/10/2016 REUTERS report. In the article, Rick Meckler, president of a hedge fund, says the Clinton administration is seen by investors as more predictable than one led by Trump, ‘who has raised fears of market volatility.’ Of course, Trump’s tax plan which drops the 15% rate that hedge funds benefit from, may have had some effect on these comments. Can you say special interests?
Trump Wins Debate 2
‘Trump comes out swinging and wins (the) second debate,’ reports a 10/9/2016 FOX news article. In a raucous one hour and 30 minutes, Trump suggested the Clintons’ should go to jail while Hillary stated that Trump was unfit for office. The article went on to imply that Hell was that debate stage. With more tapes on Trump and more email leaks on Hillary, the presidential election should continue to heat up.
Missiles Fired at U.S. Warships
Houthi rebels, based in Yemen, are believed by U.S. officials to have launched two missiles at American warships in the Red Sea this past Sunday, states a 10/11/2016 FOX news report. Both the missiles missed their targets and fell into the sea. The missiles fired were ‘The Silkworm,’ a type of coastal defense cruise missile that Iran has been known to use. You know, the guys we just gave billions of dollars to. Apparently, a Pentagon spokesman says they are gathering details on the incident and will take action accordingly.
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The opinions expressed in this material do not necessarily reflect the views of LPL Financial and based on the political content of this material are for general information only and are not intended to provide specific advice or recommendations for any individual.