Stock market analysts in Asia clearly do not agree on who will win the U.S. presidential election. But they're pretty unified on how they plan to play it.
CNBC asked 30 strategists a series of questions about the U.S. election and their current investments, offering them anonymity in exchange for their views.The investors identified their favored types of assets as they hedge their market positions.Kevin Dietsch/UPI | Bloomberg | Getty Images. But they're pretty unified on how they plan to play it.
CNBC carried out the email-based early last week, and subsequently followed up with the strategists to ask if they had changed their outlook following the first presidential debate and the news thatThe Asia-based investors were sharply divided on the central political question. Twelve analysts predicted a victory for former Vice President Joe Biden, 11 predicted a contested election, and seven picked Trump to win.
We are constructive for 2021 outlook and expect Asian markets to bounce back eventually, should we see volatility in the next couple of months around U.S. elections.Ten of 30 said it's a good time to rotate out of expensive stocks such as technology shares and into less popular sectors: They identified travel and tourism, as well as stocks that track the wider economy including banks and industrials.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock-market crash signal with 30-year record of doom flashing for big tech - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
30 Days Out: Here’s Every Date You Need to Know Ahead of the 2020 ElectionThe 2020 presidential election is just 30 days away! To help you keep track of the deadlines and dates you need to know, here is a state-by-state guide to registering, voting early, and voting absentee.
Read more »
30 Products That'll Help Your Hair Look Better Than It Ever Has'I do my hair toss...' 🎶
Read more »
30 Sexy Halloween Pickup Lines to Use on Your Next Tinder MatchWanting a super sexy Halloween pickup line to send to your partner, a Tinder match, or a random stranger? We've gotchu.
Read more »
30 Incredible Shows on Netflix For Anyone Who Feels Like They’ve Watched EverythingFor those days when you're scrolling through the endless Netflix selections but still can't decide what to watch
Read more »