Todd Millay on how Investors View the 2016 Election
Todd Millay was quoted in the article, “Anxiety drains from stock markets as FBI ends Clinton e-mail probe,” by The Boston Globe regarding the overreaction of the markets responding to the recent Comey review of no new findings.
From the article:
He said that Choate has been managing money on the assumption the “status quo” will continue, meaning a Clinton win and a divided Congress.
“The control of the Senate is very much up for grabs,’’ Millay said.
More broadly, Millay said, “voters are reacting against globalization, against immigration.”
But in his opinion, such opposition can be bad for free trade and for the global economy. “Drumpf is just one embodiment of a global sentiment that you see in different guises around the world,’’ he said.