Home > Strategist: Investors Should Seize The Market's 'Knee Jerk' Drop If Biden Wins

News
Strategist: Investors Should Seize The Market's 'Knee Jerk' Drop If Biden Wins

Description

A Credit Suisse analyst says that if Joe Biden wins the US presidential election in November, it could spur a 'knee-jerk' pullback in the stock market of 5%. According to Markets Insider, senior investment strategist Suresh Tantia said that was due to the Democratic nominee's stance on corporate taxes. However, Tantia said investors should look at such a pullback as a buying opportunity, as Fed support will keep driving markets after the election. The central-bank support is not going anywhere. The Fed is going to keep rates lower for longer, similar to other central banks. Suresh Tantia, Senior Investment Strategist Credit Suisse Tantia's tip for traders? Investors should seek out equities in Asian markets, as they are cheaper than US stocks and have strong earnings.

Added on the 01/10/2020 17:58:42 - Copyright : Wochit

To customise your video :

More videos on the subject

Images of the White House a day after Joe Biden wins US elections

In the wake of Joe Biden's victory in the United States presidential elections, people hang posters against Donald Trump at Black Lives Matter Square, with one of them ironically repeating 'You're fired!', a catchphrase from the Republican candidate's TV show 'The Apprentice'. IMAGES

08/11/2020 - AFPTV - First images
Trump supporters rally in Las Vegas after Biden wins presidency

Supporters of Donald Trump rally in Las Vegas, Nevada, chanting "stop the steal," after Democrat Joe Biden wins the US presidential election. IMAGES

07/11/2020 - AFPTV - First images
Pro-Trump rally in Arizona after Biden wins presidency

Protesters in Phoenix, Arizona rally in support of US President Donald Trump after his Democratic challenger Joe Biden wins the US presidential election. IMAGES

07/11/2020 - AFPTV - First images
Celebrations in Miami as Joe Biden wins 2020 US election

People dance and celebrate at the side of the road in Miami as Joe Biden is elected US president after a tight five-day-long race which saw Donald Trump lose his spot at the White House. IMAGES

07/11/2020 - AFPTV - First images
Trump supporters gather in North Carolina after Biden wins US presidency

Supporters of Donald Trump gather in Raleigh, North Carolina, after Democrat Joe Biden was pronounced winner of the US presidential election. IMAGES

07/11/2020 - AFPTV - First images
Biden, Trump supporters face off in Philadelphia as Biden wins election

Biden and Trump supporters face off in Philadelphia as Joe Biden wins the US election. Dopesheet to follow. IMAGES

07/11/2020 - AFPTV - First images