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Strategist: Investors Should Seize The Market's 'Knee Jerk' Drop If Biden Wins

2020-10-01 82 Dailymotion

A Credit Suisse analyst says that if Joe Biden wins the US presidential election in November, it could spur a 'knee-jerk' pullback in the stock market of 5%.<br />According to Markets Insider, senior investment strategist Suresh Tantia said that was due to the Democratic nominee's stance on corporate taxes.<br />However, Tantia said investors should look at such a pullback as a buying opportunity, as Fed support will keep driving markets after the election.<br />The central-bank support is not going anywhere. The Fed is going to keep rates lower for longer, similar to other central banks. Suresh Tantia, Senior Investment Strategist Credit Suisse<br />Tantia's tip for traders? Investors should seek out equities in Asian markets, as they are cheaper than US stocks and have strong earnings.

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