Wall Street — and the stock market — may now be comfortable with the idea of a Hillary Clinton victory, but her policies and those of other Democrats may not be particularly good for the lagging oil sector, minimum wage employers, financial companies, big tech and biotech companies, among others.
“I think both parties here are remarkably similar on trade and anti-corporate provisions. It’s a trend that the Chamber of Commerce and the National Association of Manufacturers realize. It’s still below the radar just how anti-business both platforms are. Everything is negotiable in these platforms, but it does reflect a pervasive view in both parties that is anti-business,” said Greg Valliere, chief global strategist at Horizon Investments. “I don’t see her with a pro-growth agenda, and I have no idea what Trump’s agenda is. His agenda is unclear on economic issues.”