“In the absence of a Democratic sweep, several of Hillary Clinton’s headline proposals for healthcare, such as capping drug price increases and making transparency on development costs mandatory, would probably be watered down,” Foliot continued.
“Elsewhere, in the wake of a general increase in wages, we would expect to see margins crimped in the restaurant and IT sectors.”
Foliot also noted that should Donald Trump win, sectors with strong exposure to the domestic US market, such as defence and infrastructure, will almost certainly benefit.
A Trump victory would also lift energy stocks as he is keen to ease anti-global warming regulations, he added.
