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


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…


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