A trader smokes a cigarette outside the New York Stock Exchange in the Manhattan borough of New York City, two days after the 2020 U.S. presidential election, New York, U.S., November 5, 2020.
Carlo Allegri | Reuters
(This story is for CNBC Pro subscribers only.)
For value investors waiting for a grand rotation after the election, they might end up disappointed yet again.
Many on Wall Street were betting on a revival of value stocks on the belief that a potentially "blue wave" could help approve a massive fiscal spending package that benefits cheap names whose rebound depends on a broad economic turnaround.
However, the odds of a unified government have waned with both of Georgia's Senate races going to January runoffs. A divided Congress could restrict the incoming Biden administration's ability to pass large-scale fiscal stimulus, hurting value stock's chances to outperform their growth counterparts, Wall Street strategists said.
"again" - Google News
November 08, 2020 at 06:54PM
https://ift.tt/3lb4Fh2
How value investors lost out again post-election - CNBC
"again" - Google News
https://ift.tt/2YsuQr6
https://ift.tt/2KUD1V2
Bagikan Berita Ini
0 Response to "How value investors lost out again post-election - CNBC"
Post a Comment