Election week is finally here, and Stifel's Washington policy strategist Brian Gardner has laid out four potential outcomes: a blue wave, gridlock, the status quo, and a contested election.
Stifel did not ask its analysts to address the contested election scenario because that would likely have "a broadly negative impact on all of our covered sectors," it said in a Friday research note. Election week is finally here and the stakes are high for investors who remain undecided about whether they should adjust their portfolio or simply leave it be. , nothing is certain until the votes are counted and the winner is determined.
In a sign that further stimulus is essential to the economic recovery, Gardner still sees a relief package of about $1 trillion to $1.5 trillion if the status quo — a Republican White House and split Congress — holds. However, he believes that the tax hike is off the table in this case while a small infrastructure bill is still possible.
Taking all the variables into consideration, Stifel asked its research analysts to examine the first three scenarios and consider how the outcomes will impact the sectors they cover. Each analyst has also identified stocks under coverage that are most likely to be positively or negatively impacted by the result.
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