Investors Await Election Results

Last week brought a steady stream of news. Corporate earnings were mostly positive and economic data pointed to better than expected conditions in the United States. Lest we forget, the bar for comparison is pretty low. Nonetheless, third-quarter earnings started strong and seem to be maintaining a consistent theme. These improvements could mark the end of the earnings recession. Two weeks ago, we wrote that Hillary Clinton will likely win the presidency and the House remains in GOP hands. However, unexpected developments on Friday will certainly have some effect on voters.

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