Are Markets Underestimating the Impact of the Election?

What are the two main issues discussed in relation to a potential Trump victory?

• Immigration and defense

• Technology and innovation

• Trade and fiscal stimulus

• Healthcare and education

How might a large fiscal stimulus affect corporate taxes?

• Eliminate them entirely

• Leave them unchanged

• Create a new tax structure

• Increase them significantly

What is the expected impact on the yield curve with an expansionary fiscal policy and a credible central bank?

• Inversion

• No change

• Flattening

• Steepening

What has been the trend of the Mexican peso relative to the US dollar since 2013?

• Appreciating

• Volatile

• Depreciating

• Stable

What fundamental measure suggests the Mexican peso might be undervalued?

• Interest rate differentials

• Government debt levels

• Purchasing Power Parity (PPP)

• Inflation rate