Description
Paul Christopher, head of global investment strategy at the Wells Fargo Investment Institute discusses the firm's research looking at whether campaign promises have translated into long-term outperformance for sectors that were likely to benefit from proposed policies, and while there were positive gains in the immediate aftermath of elections, many sectors underperformed the Standard & Poor's 500 Index over the following four years. As a result, Christopher suggests caution for anyone expecting president-elect Trump's "Drill baby drill" plan to turn into oversized oil-industry gains once he takes office. Todd Rosenbluth, head of research at VettaFi, turns to regional banks for his ETF of the Week, noting that while they have been up sharply since election day, there is reason to expect that this rally has legs. Plus, we have tow interviews conducted at the Active Investment Company Alliance's Fall Roundtable in New York on Nov. 13, where Chuck talked with individual investor Jim Cohen and then discussed gold and how it performs in an economy with falling interest rates but higher inflation with Axel Merk of Merk Investments and the ASA Gold and Precious Metals fund.
David Keller, president and chief strategist at Sierra Alpha Research says that the market has made meaningful moves to landmark new highs but he questions whether the rally is sustainable. He says that market leaders like the Magnificent Seven need to keep rolling to propel the indexes higher,...
Published 11/15/24
Laurence Kotlikoff, professor of economics at Boston University — the founder of Maxifi, which factors economics into personal financial planning — says that while the economy is humming along now, investors should be wary of the potential for trouble, especially stemming from the high levels of...
Published 11/13/24