The day after elections, tensions were certainly high across the country. That tension was not felt as everyone gathered for a night of markets & economic discussion. Guests sipped drinks and ate hors d’oeuvres while discussing their days at work. Scott Pieper, Chief Investment Officer of Sabal Trust Company, noted at the beginning of his talk the interesting date choice for the discussion. “Is this a set up?” He jested with the crowd.
Attendees had an interest in the topic at hand and what the election meant for our economy. There is a natural up and down that the economy endures over time. Each election has an effect on that in several ways. The Real Gross Domestic Product (GDP) has been on the rise since 1966. In 2008, the GDP broke from that trend by going down slightly before starting again on a different upward slope. As business inventory grew in 2008, consumer spending dropped significantly when jobs were lost and credit was tight. Consumer spending accounts for about two thirds of economic activity.
Pieper circled key points in his presentation, which was passed out to the crowd. Like most Americans, he expected the democratic nominee to win, so that is what he circled in his economic predictions. He went on to discuss the Federal Reserve Policy outlook and showed a long-term view of short rates.
Sabal Trust Company offers services for equity as well as fixed income. They are there to make sure that your finances are kept safe no matter what happens to the economy next. To learn more about how they can help, visit the website here.
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This post was written by Elevate, Inc.