S&W The Pulse

In this episode we will be discussing US politics and Brexit.The launch of a formal impeachment inquiry into President Trump is also changing the race for the Democrat nomination. Rumours about his son’s activities in the Ukraine have left former frontrunner, Joe Biden, flagging, leaving left-winger Elizabeth Warren to take the reins.This is a risk for the US equity market. Warren has strong views on corporate excess and is promising far-reaching reform for the healthcare, technology and energy industries. These are major components of the S&P 500.In the UK, the risk of a no-deal Brexit appears to be fading, following Boris Johnson’s new Withdrawal Agreement. While the December election introduces new risks, the UK’s departure with a deal should draw investors back to the UK. Our latest investment commentary gives our views on the changing landscape.View our monthly Investment Outlook publication: smithandwilliamson.com/en/campaigns/investment-outlook/. This episode was recorded on 04.11.2019