As financial observers continue to project the future of the economy following the selection of President-elect Donald Trump, the Indianapolis market director for PNC Wealth Management says "the fact of the matter is right now, we don’t know a lot." Nadine Givens says, based on some themes of Trump’s campaign, she says key focuses in Indiana such as infrastructure spending and small businesses could stand to benefit with Trump in the White House. Givens says candidates adjust their message throughout different stages of the political process and the days and weeks ahead will yield a lot more information about which direction we could be headed.
During an interview with Inside INdiana Business, Givens said patience is important for investors.
She says at a macro level, election years tend to be good for the markets and in years where the White House and Capital Hill are controlled by Republicans, Givens says markets lean toward over-performing.
She says some of the platforms Trump has run on bode well for the markets such as lowering corporate taxes, repatriation of overseas profits and spending on infrastructure could get a boost. Givens cautions that the situation could change if Trump decides to focus more on building a wall between the U.S. and Mexico and engages in other isolationist economic tactics. Overall, she says health care and infrastructure industries should come out as "clear winners" based on the election results.