The biggest portfolio mistake? Planning on the president

From the economy and earnings growth, to valuations and the fed, there are more impactful factors in the market than politics, explained Raymond James CIO Larry Adam to Yahoo Finance Executive Editor Brian Sozzi on Opening Bid. In fact, Raymond James ranks politics low in their own framework, so it's no surprise that Adam says there are more important things that 'dictate where the equity markets go than who was sitting in the White House.'

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