Insights: Presidential and congressional outcomes, what areas benefit based on administration + baseball rubbing mud
Good reads:
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·???????? Weekly Investment Strategy
·???????? The Curse of Early Success
·???????? Dodgers Star Shohei Ohtani Hits a Record off the Field. His 50/50 Ball Has Sold for $4.4 Million.
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Best quote of the week:
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“You don't realize how easy this game is until you get up in that broadcasting booth.” – Mickey Mantle
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Best visuals of the week:
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Since we’re in the home stretch of the U.S. election, I thought I’d share some of interesting political charts.
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CI Global Asset Management published a great report outlining the policy proposals under a Trump vs. Harris administration and the potential implications of each.? The chart below summarizes their findings and the net impact of potential changes on key areas in the economy across various election outcomes.
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As summarized in their report:
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Trump’s policies focus on 1) extending the Trump 1.0 personal income tax cuts that are due to expire at the end of 2025, 2) further reducing the corporate tax from 21% to 15%, 3) implementing aggressive tariffs, and 4) significantly tighter immigration policy.
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Harris aims to 1) extend personal income tax cuts for lower earners, 2) raise the corporate tax rate to 28%, and 3) introduce various incentives for families and small businesses, while 4) maintaining a tough but more measured stance on trade and immigration.
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The report also summarized how the outcome could impact the different stock market sectors.
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And if you’re looking to compare how the different sectors historically performed, specifically under Trump vs. Biden administrations, here you go:
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领英推荐
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Beyond the markets:
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With so many eyes on baseball this week, I thought I’d share five things you probably didn’t know about the sport (I know I didn’t!)
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1.???? The Ground Rule Triple: While the ground rule double is a common occurrence, a ground rule triple is possible as well. This occurs when a player attempts to use his hat to stop a ball on the ground or in the air. Using a hat is a penalty of three bases to both the batter and any runner(s) on base.
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2.???? MLB Mud: Every MLB ball is covered in mud from a secret location in New Jersey. The mud is called ‘Lena Blackburne Baseball Rubbing Mud’ and allows pitchers to have a better grip on balls. Before this mud, baseballs were rubbed in water and dirt, and sometimes tobacco juice and shoe polish.
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3.???? A Big Trade: In 1957, the Los Angeles Dodgers and Chicago Cubs conducted a huge trade. How huge? They traded their entire minor-league teams! As the Dodgers were preparing to move West and the Cubs were wanting a change, both teams decided to spice things up and traded their entire 25-man minor league roster.
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4.???? An MLB Baseball Lasts Six Pitches: Whether it is due to a ball going out of the park, getting dirty or damaged, it has been said that a single MLB ball only lasts six-to-seven pitches. Interestingly enough, a typical game goes through five-to-six dozen balls, though a single club must have 90 on hand for each game.
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5.???? 12 Seconds to Pitch: According to Rule 8.04(b) of the MLB Handbook, a pitcher has 12 seconds to pitch after receiving the ball back from the catcher when the bases are empty. If the pitcher surpasses this time, the umpire may choose to add a ball to the count, calling the occurrence a delay in the game.
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Source: MLB
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Thanks for reading, and I wish everyone a wonderful weekend!
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Cheers,
Kim
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Kim Inglis, BCom, CIM, PFP, FCSI, RIAC
Senior Portfolio Manager
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T: 416.777.6417 (Toronto)
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