Posted on 10/20/2020 3:42:13 AM PDT by Oldeconomybuyer
After four years of America First, some money managers outside the United States looking for big post-election investment winners are quietly confident it is the turn of the rest of the world to shine.
With several opinion polls pointing to a Joe Biden presidency, these investors are leaning towards assets such as emerging markets or European bank stocks, as potential beneficiaries of a Democrat win while turning cautious on markets such as Russia which might be hurt by the change.
A stimulus-fuelled U.S. growth pickup, accompanied by corporate tax hikes -- both expected under Biden -- could push capital out of the S&P 500 into other markets, especially if a coronavirus vaccine becomes available early next year.
A consensus for a weaker dollar, driven by more predictable trade and foreign policies under Biden, will add to the big positive for emerging markets.
Many investors said they favoured European cyclicals - companies which do well in a buoyant economy and stand to gain when a spending boost lifts bond yields.
Cyclicals - oil companies, autos and banks - typically outperform “growth” stocks when bond yields rise. U.S. markets are dominated by growth stocks, notably tech.
Meanwhile a potential Biden win could be a “game changer in the relationship with Europe at a geopolitical and security level,” said van Nieuwenhuijzen, who expects such an outcome could benefit European exporters from Italy to France as well as German car makers.
(Excerpt) Read more at reuters.com ...
So the only way the rest of the world can do that is at our expense?!
SCREW THAT.
But it explains their involvement in Spygate, doesn't it...
So... did Reuters just admit that America will be worse off under Biden?
Trump, this crap would make a great ad.
Blatantly.
Reuters, shilling for Biden to the bitter end.
And this is looking at what they can put the best spin on.
Says all you need to know.
Translation: after Biden screws American factories and its employees, the globalists (i.e. China) will do much better.
” a Biden boost abroad “
MSM speak for an American debacle.
I’ve always wondered why investment houses would spend billions to prop up people who’ll cost them billions in new taxes and fees.
Oh, right, so Hunter could get some coke money.
ends with RUSSIA RUSSIA. the entire piece is enough to make every American vote for Trump:
A Biden win may spell bad news for Moscow in the form of a tougher U.S. administration and weaker oil prices if Biden pushes ahead with his green agenda or allows Iran to resume crude exports...
“There are currently more than enough reasons why Russia might see more sanctions. You have Biden who is more than willing to punish Russia,” said Amundi’s head of emerging markets, Yerlan Syzdykov, who has turned “cautious” on Russia.
Joe pushes jobs offshore and Hunter makes money for the family with a 50% cut for “The Big Guy”. What a racket.
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