National Convention Review & Why It Matters to Markets

Over the next two weeks, we will be breaking down the National Conventions and how select policy statements could impact the market. We will start with the Democratic National Convention, which took place over August 17th to August 20th. The Republican National Convention started on Monday, August 24th and will run for four nights. President Trump is expected to make a speaking appearance on all four nights.

Democratic National Convention

Election Baskets & Polling

Last week we covered our Election Baskets and we wanted to provide an update on the performance and polling data. , While Trump’s polling has held up in August, our Republican Basket has not supported the move. Following this week’s Republican National Convention, we are looking for a bounce higher in the Republican Basket relative to the Democratic Basket.


1 Source (Republican/Democratic Basket): Bloomberg, Hightower.
2 Source (Polling): Real Clear Politics.

Disclosures
OCIO at Hightower Advisors is a team of investment professionals registered with Hightower Securities, LLC, member FINRA/SIPC, & Hightower Advisors, LLC a registered investment advisor with the SEC. All securities are offered through Hightower Securities, LLC and advisory services are offered through Hightower Advisors, LLC. This is not an offer to buy or sell securities. No investment process is free of risk and there is no guarantee that the investment process described herein will be profitable. Investors may lose all of their investments. Past performance is not indicative of current or future performance and is not a guarantee. In preparing these materials, we have relied upon and assumed without independent verification, the accuracy and completeness of all information available from public and internal sources; as such, neither the information nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. Hightower shall not in any way be liable for claims and make no expressed or implied representations or warranties as to their accuracy or completeness or for statements or errors contained in or omissions from them. This document was created for informational purposes only; the opinions expressed are solely those of the author, and do not represent those of Hightower Advisors, LLC or any of its affiliates.