Perspectives: Episode 106 – The US election special

This week Escala Partners CIO, Tracey McNaughton, discusses the upcoming US presidential election, why the polls are often wrong, the bi-partisan support for nuclear energy, and why the bond and equity markets disagree on what a Trump presidency could mean. (0:57) Tracey, we are devoting this entire podcast to the US election given its importance. It's been quite a journey so far – two assassination attempts, the last minute withdrawal of Biden, the late entry by Harris. So far though, neither candidate has been able to land a knockout punch. (2:54) What are your thoughts on the outcome on November 5? What are the polls saying? (6:26) Why are the polls so often poor predictors of the outcome? (8:20) We have had quite a bit of volatility recently in markets. How are investors positioned for the election? (9:42) The betting market you are referring to there I take it is Polymarket? (12:04) On the issue of energy, the topic of nuclear power has come up again recently. (13:37) Given its importance but also controversy, how do each of the presidential candidates stand on nuclear? (14:58) Another issue is trade restrictions. You have talked in the past about the Biden Administration being more America first than any other administration before it. Will Harris continue that legacy?