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
Author
Anil Panchal
FXStreet
Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.
