Read previewFor Wall Street, policy — not politics — is the motto leading up to November.
Death and taxesUnsurprisingly, tax policy is at the top of money managers' minds, according to Frank Kelly, senior political strategist at DWS.
The filibusterThere's an under-the-radar issue keeping portfolio managers up at night: the elimination of the filibuster, according to Kelly's conversations with clients.
Wall Street analysts expect a very close election, and even a minute change could be enough to push the needle on the outcome for either candidate.
Given how important gridlock is to the market, there's not enough conversation around the impacts of eliminating the filibuster, Kelly believes.
Persons:
—, Kamala Harris, Donald Trump, DWS, Frank Kelly, Harris, Trump, David Bianco, Bianco, Goldman Sachs, Chuck Schumer, Kelly, Monica Guerra, Morgan Stanley, Morgan Stanley Wealth Management's, it's, Jack Ablin, Washington doesn't
Organizations:
Service, Asset Management, Business, Trump, Jobs, DWS, Wall Street, Morgan Stanley Wealth, Cresset Capital Management, White, Washington, Democrats, Republicans
Locations:
DWS Americas