Value Stocks Could Shine After U.S. Election, No Matter Who Wins
A resident casts a ballot at an early voting polling location for the 2020 Presidential election in Lexington, South Carolina, on Oct. 14.
Photographer: Micah Green/BloombergThis article is for subscribers only.
Next month’s U.S. election could usher in a shift from growth stocks into value, regardless of the outcome, according to Citigroup Inc.
Every presidential vote in at least the last 40 years has sparked a potential rotation from one part of the market to another no matter who is elected, according to Citi’s head of U.S. equity trading strategy Alexander Altmann. This year, the contest could put value stocks in the limelight after growth shares have surged amid low interest rates and plunging bond yields.