“It’s a pretty clear negative. Until the election [in November], public policy uncertainty was going to be on the rise, dampening business confidence,” Barry Knapp, head of U.S. equity portfolio strategy at Barclays. “This clearly plays into that theme and it leaves a whole bunch of unanswered questions….Markets were going down anyway and this is just going to be a pretty clear negative catalyst over the next or two as opposed to something to stop the bleeding.”
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