Stock market investing strategy, contrarian ideas for election: MS - Business Insider

Morgan Stanley Investment ManagementCyril Moulle-Berteaux, head of global multi-asset team, and Andrew Slimmon, senior portfolio manager at Morgan Stanley Investment Management, shared their contrarian views about the US elections, the stock market, and a vaccine in a recent panel discussion.

In a fall market outlook panel discussion, the two senior investors at the $665 billion firm shared their alternative outlooks on the elections, the stock market, and the arrival of a coronavirus vaccine.On the US presidential elections, many investment strategists have warned about the tax implications of a blue sweep after the Biden administration's proposal to raise corporate, capital gains, and estate taxes.

"So we've tried to look forward to what's likely to happen in 2021 rather than focusing on the immediate impact of the election," he said. "I think most people assume that the world is going to radically change and that everything is going to be different, about the world after the virus, " he said. "And we have a sense that is probably because people have a tendency to extrapolate current conditions too far out into the future."

"The most amazing thing is that in China today, as the latest data we got in August, hotel occupancies are back to where they were at the end of last year: back to normal," he added. "People are traveling, people are going to hotels because they have confidence that the virus has been brought under control. So it's all a question of when we get there."

"The cheapest stocks are abnormally cheap and the expensive stocks are abnormally expensive because people are paying up for safety, they're paying up for staying away from the virus," he said. "They want things that are sure, but that's a reflection of the uncertainty today and I'm not sure where we're going to be a year from now."In some cases, the bet on a vaccine has also kept some investors out of the stock market, according to Slimmon.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wells Fargo says stock market volatility will balloon after US election - 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. Does Wells Fargo want to continue down Trump’s authoritarian path?
Source: BusinessInsider - 🏆 729. / 51 Read more »

Investing strategy for mutual fund managers after huge tech rally: GS - Business InsiderGOLDMAN SACHS: The explosive rally in high-growth tech stocks may have unwittingly put some fund managers in breach of SEC restrictions. Here are 6 strategies to correct course and continue delivering strong returns.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stock market outlook: 4 reasons equities can climb 'a lot' more, Tom Lee says - 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. They can also go down a lot. Or the market can remain flat. See? I'm a stock market wizard too. Reason 1 The fed is handing out nearly free money that then goes into questionable stock buys, raising share prices artificially Duh.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Mike Santoli’s market notes: Market's multiple tests, Apple and Tesla charts, software backslidingNew for subscribers: Mike Santoli’s market notes: Market's multiple tests, Apple and Tesla charts, software backsliding Check out CNBCPro today. Pro Mimosa's and avocado toast doesn't sound bad rn.
Source: CNBC - 🏆 12. / 72 Read more »

Stock picks to buy, 17 best stocks to buy across sectors: Jefferies - 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.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Millennials see investing and paying debt as 'either/or' but it's not - 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.
Source: BusinessInsider - 🏆 729. / 51 Read more »