Decision 2016

Nov 8, 2016 | Wealth Management


The end is near!  Of course, I’m just talking about the election, but depending on who wins, some of you might be thinking more literal!

It’s been an adventurous election cycle and decision ’16 has had all the dramatics we expected.  I’m thankful for the brief respite from the race that was provided by a tremendous World Series as over the past fortnight I was glued to my television to see if the “lovable losers” could bring the championship home.  My dad is a huge Cubs fan as was his dad before him.  I was thinking about my dad as the final pitch gave way to the final out.  I called him as the celebration began and he was thinking about his dad who died 13 years ago at the age of 90 and never saw his Cubs win the World Series.  He saw them win it that night.

Regardless of who wins the presidency, the United States will survive.  We have survived bad politicians, bear markets, high interest rates, terrorist attacks, wars, hurricanes, tornados, blizzards, floods and the cancellation of Mike & Molly.  Even though more people will probably watch Dancing with the Stars or vote for their favorite singer on The Voice than will cast a vote for president this election, the United States will survive and I firmly believe in our economy’s ability to continue to grow and prosper.  We are in the middle of earnings season and there are some great stories with strong companies that are able to navigate through any election cycle and will surely bounce back from the recent volatility.

The sun will rise tomorrow and we’ll have a new president-elect.  Our team will analyze the election winners and losers and how the shifting demographics of the executive and legislative branches may affect different sectors and individual stocks in the long-term.  Company earnings and fundamentals during this cycle will continue serve as a backdrop as we wait on the timing of potential fed interest rate hikes that may come as soon as next month.

It’s now time to move on from the negativity of the presidential campaign and focus on opportunity and how each of us is truly blessed.   There were new heroes created during the World Series.  But, there are heroes in your life every day.  My hero is my dad.  What a great guy and I’m proud to be his son!  Be sure to tell the heroes in your life how much you appreciate them.  No election can change that.   I’ll close on this election day with an excerpt from the inaugural address of Ronald Reagan on January 20th, 1981:

“We have every right to dream heroic dreams. Those who say that we're in a time when there are not heroes, they just don't know where to look. You can see heroes every day going in and out of factory gates. Others, a handful in number, produce enough food to feed all of us and then the world beyond. You meet heroes across a counter, and they're on both sides of that counter. There are entrepreneurs with faith in themselves and faith in an idea who create new jobs, new wealth and opportunity. They're individuals and families whose taxes support the government and whose voluntary gifts support church, charity, culture, art, and education. Their patriotism is quiet, but deep. Their values sustain our national life.”

Get out there and vote!

Jeff Schriefer

Senior Wealth Advisor
Wealth Management
859-233-8929 Office
859-252-0304 Fax

Bank of the Bluegrass & Trust Co.
215 Southland Drive
Lexington, KY 40503

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