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Roads to Nowhere: Politics, Policy & Markets Today With Dan Clifton

It’s no secret that today’s political landscape is one of the most volatile in the U.S. since the Civil War. In this episode, we invited Dan Clifton, partner and head of policy research at Strategas Securities, to sit down with Greg Dowling on the FEG Insight Bridge to connect politics, policy, and markets today.  Listen in as Dan breaks down some of the most important moving targets for the market, from China’s geopolitical risk to the Biden administration’s Build Back Better Program and the historically large infrastructure bills being debated in Congress. Dan also offers some valuable insight into how the proposed tax bill may impact future S&P 500 earnings and thoughts on the debt ceiling.  Dan shares words of wisdom for investors as he details how the “September to remember” has now become the October, November, and even December to remember as markets attempt to absorb the blows of the ongoing political dramas in D.C. 

This episode was recorded on October 21, 2021.

Chapters

00:00:00 Intro

00:00:32 Episode Overview

00:01:23 A brief introduction of Dan and Strategas Securities

00:02:45 How Dan originally got into the investing business

00:04:44 The current political environment

00:06:38 What’s in store for October and November now that the “September to remember” has passed

00:09:50 Breaking down Biden’s Build Back Better program

00:14:47 The nuts and bolts of the Infrastructure Bill

00:17:30 Dan’s tax rate forecast and its potential impact on future S&P 500 earnings

00:24:38 The near-term future of the debt ceiling

00:27:33 Jerome Powell’s chances of reelection

00:32:02 Upcoming elections and musical chairs in seats of the House and Senate

00:37:59 Geopolitical risk re: China

00:43:45 Lightning Round

Disclosures

This information was prepared by Fund Evaluation Group, LLC (FEG), a federally registered investment adviser under the Investment Advisers Act of 1940, as amended, providing non-discretionary and discretionary investment advice to its clients on an individual basis. Registration as an investment adviser does not imply a certain level of skill or training. The oral and written communications of an adviser provide you with information about which you determine to hire or retain an adviser. Fund Evaluation Group, LLC, Form ADV Part 2A & 2B can be obtained by written request directed to: Fund Evaluation Group, LLC, 201 East Fifth Street, Suite 1600, Cincinnati, OH 45202 Attention: Compliance Department.

This information is prepared for informational purposes only. It does not address specific investment objectives, or the financial situation and the particular needs of any person who may receive this presentation. Neither the information nor any opinion expressed in this report constitutes an offer, or an invitation to make an offer, to buy or sell any securities.

The information herein was obtained from various sources. FEG does not guarantee the accuracy or completeness of such information provided by third parties. The information in this presentation is given as of the date indicated and believed to be reliable. FEG assumes no obligation to update this information, or to advise on further developments relating to it.