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.
Article says 12 believe Biden wins, 7 Trump and 11 contested election. They think Biden is good for China.
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Co-opt, coerce, conceal. That would be three of them.
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