Election Day!

As voters across the country drive to the polls today, we here at Brotelli Investments wait to see how this election will impact the markets.

Everyone by now is predicting the Republicans will take the House and pick up around 6 seats in the Senate. We shall see.

Right now Republicans are running on promises they will not cut Medicare and Social Security, but are going to reduce spending and get us closer to a balanced budget. But everyone knows that the only way to get the budget into some reasonable semblance of balance will be to either cut Medicare benefits or increase taxes.

Overall, I believe the election today will change very little in real terms, at least with the things that matter, like whether the US economy can grow. That potential is in our future and it is coming at us faster than you think.