Simon cautions on overreacting to the post-election move in stocks. History suggests market outcomes can shift significantly over a presidential term. History also suggests other factors can be more impactful than Washington policy and that stocks over the past 15 years have produced similar annualized returns over various administrations. He notes that company earnings, stock valuations and current bond yields could ultimately influence investor portfolios to a greater degree. He then highlights the latest news flow from ABBV, MRK, AMZN, AAPL, CVX.
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