US election, earnings and Markets – ADVFN

“Better the crook you know than the mad man you don’t”, says Clem Chambers, Founder at ADVFN while discussing US elections with Tip TV’s Zak Mir. Chambers believes Trump victory will be a shock, while Clinton victor could be priced-in.

Chambers remains an equity market bull, but mentions Brexit as a possible drag on the market. When quipped about the ongoing Brexit talks, Chambers replies, “It has been very well handled and they have got to the point where they could revert referendum result.” He reiterates the referendum was advisory and not binding on parliament.

Other key points

Forex should be the market that should always… always be right, but it is trending heavily

Like to mention Cable has gone as low as it can, but further sell-off cannot be ruled out altogether

M&A has been so quiet for so long

Equities would be on a strong run, can’t see why house prices cant extend rally

Profit warners – there are lot of bad balance sheet companies out there