The general election is only a few months away and polls show the Biden/Harris ticket leading by a wide margin. Wall Street does not like uncertainty, and the upcoming election offers plenty of it. Wall Street is concerned by the prospects of a clean sweep, with the Democrats regaining control of the presidency as well as both houses of Congress.
The stock market has been a reliable predictor of election results, and history hints (but does not guarantee) that a Democratic trifecta sweep would send stocks lower but then recover in the following month and calendar year. Even though the market may end up being unphased by a Biden victory in November, the same cannot be said about sectors and sub-industries.
In this webinar, CFRA’s Chief Investment Strategist will be joined by several of CFRA’s equity research analysts to highlight our views on the election’s impact on the market and expectations on how various sectors, sub-industries, and selected stocks may be impacted, both positively and negatively, by the election of a new Democratic administration. In particular, we focus on eco-driven trends, looking at Tesla and other automotive plays on an eco-friendly policy climate from a Biden administration, and on infrastructure, including the electrical grid and improving and expanding roads, bridges, commuter rail, and other transportation functions.
CFRA is a CFP Board sponsor. This session has been accepted by CFP Board. Please provide your CFP ID
Chief Investment Strategist, CFRA
Senior Equity Analyst, CFRA
Equity Analyst, CFRA