- Some sectors’ political allegiances have historically wavered
- They are not always governed by favourable policies
On the face of it, a second Trump administration is far more promising for American enterprise: lower taxes, lighter regulation, and a singular focus on the trajectory of the S&P 500 market index. But companies and markets appear to be shunning the incumbent President and are already voting with their (rather deep) pockets for the Democrat opponent Joe Biden.
Fickle friends