What will a Biden presidency mean for markets? What will a Biden presidency mean for markets? https://stage-fii.federatedinvestors.com/static/images/fhi/fed-hermes-logo-amp.png https://stage-fii.federatedinvestors.com/daf\images\insights\video\auth-video-1-21-small.jpg January 15 2021 January 15 2021

What will a Biden presidency mean for markets?

A strong cyclical recovery should cause politics to take a back seat this year.

Published January 15 2021
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Video Transcript
00:03
I'm Steve Auth, Chief Investment Officer, Federated Hermes.
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What will a Biden presidency mean for the markets?
00:11
A Biden presidency probably is a mixed blessing for markets but we think market's going to overlook it in 2021. The power of this cyclical recovery is so strong that I think politics are really going to take a back seat in 2021. Particularly if we get a divided government scenario which seems to be the case as we enter the year. This is not going to be a lot that's done. You know, if the president, the new president elect if he goes to a more radical agenda, heavy tax programs, et cetera I think that's probably not positive for markets. By the other hand, he'll spend a lot of money and that is positive for markets. So we think it's kind of a mixed blessing, but certainly not one that's really an area of concern in 2021. I mean, once we get through 2021 and we see what he really does, we can start to reevaluate maybe our long-term picture but for now, we think things are pretty attractive.
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Disclosure: Views are as of 12-22-20 and are subject to change based on market conditions and other factors. These views should not be construed as a recommendation for any specific security or sector. Federated Global Investment Management Corp. 21-40007 (1/21)
Tags 2021 Outlook . Politics . Equity .
DISCLOSURES

Views are as of the date above and are subject to change based on market conditions and other factors. These views should not be construed as a recommendation for any specific security or sector.

Federated Global Investment Management Corp.