• It is likely that Congress will remain divided (Democrat Senate; Republican House of Representatives) thus limiting any positive or negative impacts of the Presidential election result on financial markets.
• Once the election is decided, attention returns to the so-called “fiscal cliff”, that is the expiration of tax cuts and the start of automatic spending cuts to occur from January 1 2013.

To read CommSec’s report on the impact of the US election, click here.

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