Former Member of Congress (CO-07) and Holland & Knight, LLP Partner Hon. Ed Perlmutter [On Election Results] Says If Either Party Sweeps, Then Everything Is Held Until Next Session; Split Government Of Any Kind It Gets Resolved This Year; Those Are My Predictions
Portfolio Pulse from Benzinga Newsdesk
Ed Perlmutter, a former member of Congress and current partner at Holland & Knight, LLP, shared his predictions on election outcomes. He suggests that if one party sweeps, legislative actions may be delayed until the next session. However, if the government is split, resolutions could occur this year.
October 08, 2024 | 4:11 pm
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POSITIVE IMPACT
The potential for a split government could lead to resolutions this year, which may impact cannabis-related legislation and, consequently, the MSOS ETF.
MSOS is an ETF focused on cannabis companies. A split government could lead to legislative resolutions, potentially benefiting cannabis-related stocks.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
A split government could lead to legislative resolutions this year, potentially impacting the broader market and SPY ETF.
SPY is an ETF that tracks the S&P 500. Legislative resolutions in a split government could influence market conditions, affecting SPY.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60