361 Capital Weekly Research Briefing November 12, 2012
Timely perspectives from the 361 Capital research & portfolio management team Written by Blaine Rollins, CFA
$6 Billion spent on the 2012 U.S. Elections and little was changed... Now that the elections are over and both the Fiscal Cliff and Monetary Cliff are less than 2 months from occurring, it is once again time for Washington D.C.'s favorite game (as depicted in the picture above). Expect a current kick of the can to be made into the First Quarter 2013 when the newly elected Congress can get time to size up the U.S. Financial situation. Then the real games will begin which global investors and the rating agencies will be waiting for. It will be a fragile situation to balance the long-term fiscal situation with the weak current economy, but that's why Congress gets paid the big bucks. Until a deal is complete, expect the market to have volatile moves on every rumor and press conference that occurs surrounding the Fiscal and Monetary cliffs.