The Trump sector allocation: POSITIVE for consumer discretionary, energy, industrials, information technology (IT), materials, and telecom services; NEGATIVE for consumer staples and healthcare; and NEUTRAL for financial services and utilities. The Clinton sector allocation: POSITIVE for industrials, IT, materials, and utilities; NEGATIVE for consumer discretionary, energy, and telecom services; and NEUTRAL for consumer staples, financials and healthcare. The sectors that benefit regardless: industrials, IT, and materials.
That is from Chris Krueger of Guggenheim Partners, via Politico, via the excellent Kevin Lewis. Caveat emptor, this strikes me as silly rather than instructive, I’ll add that Trump might be good for the media sector if nothing else. Kevin also refers us to this interesting paper by Marty Wattenberg:
This article examines sixty years of data from the American National Election Studies, and finds that the electorate’s focus on candidate attributes has declined substantially. Whereas 80% of respondents had mentioned personal attributes in the past, in recent elections only about 60% have done so. Furthermore, such comments are now more tied to partisan identification and have less of an independent impact on voting behavior. The chances of presidential image makers successfully making a difference by emphasizing a president’s personal character are now much less than in the era of Johnson, Nixon, and Reagan.
Here is the gated link.