November 2016 PCM Report

The markets are going to be on edge as we are now just 5 days away from the most bizarre presidential campaign in more than a generation. Just when it looked like the polls were confirming a Clinton victory (assuming you can trust any poll, especially in light of the Brexit vote), the FBI's announcement it was reopening the email scandal investigation after more than 10,000 emails were found on Clinton's top aides laptop that had not been turned over in the investigation. We don't know if there is a smoking gun and probably won't before the 8th creating more uncertainty, if that were even possible.

This month we look at the likely fallout of an election where nearly everyone seems to be the loser. The impact on the markets will be very different depending on who is sworn into office in January.