Picture: Reuters
NEW YORK (Reuters) - U.S. stock markets are poised to rally in 2021, bolstered by the predictability of a new U.S. president, fresh stimulus and infrastructure spending, plus a coronavirus vaccine.
But there is a potential wild card: outgoing President Donald Trump, the head of asset allocation at Pacific Life Fund Advisors said on Monday.
Markets have already signaled relief that the U.S. election is over and a winner declared, with former Vice-President Joe Biden taking over the Oval Office in January.
The Dow and Nasdaq reached all-time records last week after Biden began naming cabinet secretaries and three drug companies unveiled promising vaccine results.
Pacific Life Fund Advisors cut its exposure to large-cap tech companies in favor of small-cap value in September, for example, and is now more neutrally positioned to get through the next weeks.
U.S. stocks rallied during Trump's presidency, up more than 60% from his 2016 election to the Nov 3 Election Day. Stocks have continued to rally since then.
Read more from the original article:
면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.
더 오래된 의견은 없습니다. 소파를 가장 먼저 잡으십시오.