CitiBank: Value stocks could shine after US election, no matter who wins – Bloomberg


Bloomberg shares analysis of the US stocks, while considering like impact of the US presidential election, by Citi’s head of American equity trading strategy Alexander Altmann.

The outcome says, “Next month’s U.S. election could usher in a shift from growth stocks into value, regardless of the outcome.”

However, the base of research is interesting that states, “Every presidential vote in at least the last 40 years have sparked a potential rotation from one part of the market to another no matter who is elected.”

Also, strengthening the argument are statements from Mr. Altmann like, “Value always performed pretty well in the six months after the election,” as well as, “The magnitude of that performance did, however, vary depending on what kind of election outcome we got.”

That said, Wall Street has recently performed weakly amid fears of no stimulus till January 2021 despite US House Speaker Nancy Pelosi’s efforts to defy the pessimism.

Read: Wall Street Close: Bears in control as uncertainty prevails

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Latest Forex News


Latest Forex News

Editors’ Picks

EUR/USD bounces to stabilize around 1.1750

Fears keep ruling the financial boards as rising COVID-19 cases lead to fresh lockdowns across the Union, Germany included. Dollar correcting extreme overbought conditions.

EUR/USD News

GBP/USD falls below 1.30 amid fears of a UK lockdown, Brexit impasse

GBP/USD has dropped below 1.30 as the British government mulls a new lockdown to curb the spread of coronavirus. The pound is also pressured by the Brexit impasse.

GBP/USD News

XAU/USD hits fresh monthly lows near $1,870 and remains vulnerable

Gold is falling sharply and is down almost two percent, even after trimming losses. XAU/USD tumbled to $1,868/oz reaching the lowest level since late-September.

Gold News

Bank of Canada leaves policy rate unchanged at 0.25% as expected

In a widely expected decision, the Bank of Canada (BoC) announced on Wednesday that it left its key rate unchanged at 0.25% following its October policy meeting.

Read more

WTI bounces off lows near $37.00/bbl post-EIA

Prices of the WTI remain on the defensive albeit off lows. Demand concerns dragged prices to 3-week lows near $37.00. EIA reported an unexpected 4.3 mb build during last week.

Oil News

Forex MAJORS

Cryptocurrencies

Signatures