These Sectors will be Best if Donald or Hillary Wins

If Republican nominee Donald Trump is elected president, investors may see increased volatility in the market, only because of the unknown element of his political experience and how unpredictable his personality can be, said Joseph Heider, president of Cirrus Wealth Management. 'He has no history as a leader and his behavior could be a wild card for the overall market direction,' said Heider. In terms of sectors, Heider said defense stocks will continue to fare well if Donald Trump captures the White House because Republicans are usually committed to spending and increasing the military budget. He also believes pharmaceuticals will outperform if Trump wins because Democrats tend to see pharma as the 'devil of healthcare.' 'If a Republican is elected, this play might be more of a sigh of relief in that the government won't go after pharmaceuticals,' said Heider. Along those lines, Heider said energy stocks could see a short-term benefit because there would be a relaxation of environment regulations around drilling. If Senator Hillary Clinton wins the presidency, markets will maintain the same plodding trading pattern seen under the Obama administration, in Heider's view.