Rathbones' Smith: 'Economy matters' to US voters in tight election

Potential sell-off in markets would be buying opportunity

The closely fought US election result suggests the economy remains a more important issue to voters than Covid-19, according to anecdotal reports coming out of the US Rathbones' Ed Smith said, and that a meaningful sell-off would be a "buying opportunity" for its portfolios.

The head of asset allocation research at Rathbones said: "We thought that it might be different this time, that because of Covid-19 it was a rare election where the economy wasn't the most important issue. "But anecdotal reports out of Ohio and Florida, where [President] Trump did much better than expected and retained those states, they seem to suggest that the economy matters to voters and they weren't convinced by [Joe] Biden and his move to the left." 'The worst outcome for markets': Electoral paralysis as Trump bids to halt vote counting He explained that the strength of the e...