al n rte n I- d e tc i tr s Re FOCUS Equity Research 30 January 2020 U.S. Equity Strategy Implications of the 2020 Presidential Election for Equities Barclays Research is independent and does not support or endorse any presidential candidate in the nomination process or in the general election. Nor does our research attempt to predict whether any particular candidate will be nominated or elected. Although historically equity market dynamics around U.S. presidential elections have not been statis