Finance

Elizabeth Warren presidency may not be that bad for stocks and markets

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An Elizabeth Warren presidency would likely be tough on some sectors, but it might not hit stock markets as hard as feared, a Jefferies strategist suggested on Wednesday.

Warren, a Democratic presidential 2020 frontrunner, has bashed the rich — proposing a wealth tax — and lambasted the financial industry among other sectors. As the Massachussetts senator climbs in Democratic presidential polls, a growing pool of investors warn that her win would result in major losses for the U.S. stock market.

“In our industry … there’s a general perception that it would be a significant equity market correction, if she were to win,” said David Zervos, chief market strategist at Jefferies. “She…



Source cnbc.com

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