What’s ahead for post-election markets?

Thursday, September 24, 2020

2:00 PM EDT | 11:00 AM PDT

60 minutes

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How will markets react to a Democratic sweep? A Republican resurgence? A contested result? In an already tumultuous year, a presidential election adds another layer of uncertainty, and typically, volatility rises in the months leading up to voting day. This year, with a pandemic in full swing, unemployment historically high, and economic growth at a standstill, the stakes are especially high. The two candidates have vastly different visions about the role of government, tax law, trade, and regulation, which may affect market performance going forward.

To help investors prepare, we asked Stephen Gallagher, the U.S. chief economist and head of research at Societe Generale to join us to discuss:

  • How have presidential politics historically affected the economy—and what’s different this year.
  • What’s ahead for stock investing? Where can investors turn outside growth and tech stocks??
  • An overview of dividend growth strategies and why they may offer a compelling alternative in challenging market environments.


Stephen Gallagher Headshot

Stephen Gallagher
U.S Chief Economist, Head of Research
Societe Generale, Americas

Mr. Gallagher is US Chief Economist and Head of Research for Societe Generale in the Americas. In the US, SG research coverage includes: Economics, Rates Strategy, FX, Commodities, US Credit, and US Equity Research. Stephen oversees teams in each of these research areas and coordinates consistent views from the different disciplines. The primary focus is on a global macro view and on the energy sector specifically. Our commodity research team and equity sector focus on oil and gas production provides extensive depth into the energy industry. Stephen has been with SG since 1995 and his forecasts for the US economy have been recognized by Bloomberg and the National Association of Business Economics (NABE). The recognition was based on Fed forecasts, US GDP growth and interest rate forecasts. Mr. Gallagher served as President of the Forecasters Club of New York and also as President of the New York Association of Business Economics. Before joining SG, Mr Gallagher was Money Market Economist Kidder Peabody and Co. Inc. Stephen Gallagher studied at Columbia University, receiving an MA and M. Phil. in economics. Areas of academic focus included Macro Economics, Mathematical Economics and Econometrics. Mr. Gallagher earned his undergraduate degree at University of Michigan.

Simeon Hyman, CFA Headshot

Simeon Hyman, CFA
Global Investment Strategist

Simeon Hyman joined ProShares in 2013 as Head of Investment Strategy. Mr. Hyman leads ProShares’ team of investment professionals engaged in portfolio analysis, product research and development, education and the delivery of investment strategies using the company’s ETFs. He and his team are also responsible for the development and publication of research, white papers and other content to present ProShares as a leader in the ETF industry.

Prior to ProShares, Mr. Hyman spent several years at Bloomberg where he was Chief Investment Officer for Bloomberg’s technology-driven wealth management business, BloombergBlack. He also served as Chairman of the Investment Committee and led the team of investment professionals tasked with the continuous delivery of investment advice, research content, and strategic and tactical asset allocation guidance. Before joining Bloomberg, Mr. Hyman was Head of Investment Strategy and Due Diligence for UBS. There, he established asset allocation

and investment strategies for the $300 billion UBS U.S. Wealth Management business and directed due diligence for the $50 billion separately managed account business. Prior to UBS, Mr. Hyman served as the Chief Investment Officer of Lehman Brothers Trust Company.

Mr. Hyman earned bachelor’s and master’s degrees in economics from the University of Connecticut and an MBA from Columbia Business School. He holds Series 7, 24, 63 and 66 FINRA registrations and the Chartered Financial Analyst designation.

Kieran Kirwan, CAIA Headshot

Kieran Kirwan, CAIA
Director, Investment Strategy

Kieran Kirwan joined ProShares in 2013 and currently serves as Director, Investment Strategy. His responsibilities include portfolio analysis, education, product research and development, and the presentation of investment strategies using the company’s ETFs.

Prior to joining ProShares, Mr. Kirwan served in a variety of roles during a 15-year tenure with Deutsche Asset & Wealth Management (Deutsche Bank). Most recently he was a Vice President, serving as lead investment specialist representing several strategies in the global equity, commodities, infrastructure and real estate asset classes to prospects and clients. Before that, Mr. Kirwan was Vice President, Product Strategy and Economics, responsible for the platform’s product profitability and distribution strategy initiatives, Vice President, Finance and Controlling Group, and an Associate Vice President with the Financial Reporting Group.

Mr. Kirwan earned a bachelor’s degree in accountancy from the University of Illinois at Urbana-Champaign, holds Series 7 and

63 FINRA registrations, and holds the Chartered Alternative Investment Analyst designation.

Robert Huebscher Headshot

Robert Huebscher
CEO and Founder
Advisor Perspectives

Robert Huebscher is the founder and CEO of Advisor Perspectives and serves as its editor-in-chief. He is a frequent speaker at industry conferences and has written extensively on topics including investment management, portfolio construction, financial planning and global economics.