The takeaway? If politicians were stocks, she would advise shorting Joe Biden, whose poll numbers “remind us of a broken large cap.” Elizabeth Warren, on the other hand, looks like a buy. The Massachusetts senator’s chart reminds Calvasina of “a hot small-cap momentum stock that’s in the midst of breaking out.”
For better or worse, U.S. and global markets have become inextricably entwined with American politics ever since the 2016 presidential campaign. That shows no sign of changing in 2020, as investors grapple with a global economic slowdown triggered by President Donald Trump’s trade war, not to mention his potential impeachment, volatile geopolitics, and a crowded field of Democratic challengers, some of whom are threatening to upend the status quo in several giant industries. To many investors, it feels like the bull market that’s run for more than a decade is about to be tested by a new economic era. And the 2020 elections could determine what this next phase looks like.
The list of scenarios that could unfold in 2020 is dizzyingly varied. But many of the strategists, money managers, and economists who watch the markets are suddenly focused on what to make of the ascent of Warren. The implied probability of her getting the Democratic nomination rose above 50% in October, up from as low as 6% in April, according to the predictions market website PredictIt.
この記事は Bloomberg Businessweek の October 28, 2019 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Bloomberg Businessweek の October 28, 2019 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
Instagram's Founders Say It's Time for a New Social App
The rise of AI and the fall of Twitter could create opportunities for upstarts
Running in Circles
A subscription running shoe program aims to fight footwear waste
What I Learned Working at a Hawaiien Mega-Resort
Nine wild secrets from the staff at Turtle Bay, who have to manage everyone from haughty honeymooners to go-go-dancing golfers.
How Noma Will Blossom In Kyoto
The best restaurant in the world just began its second pop-up in Japan. Here's what's cooking
The Last-Mover Problem
A startup called Sennder is trying to bring an extremely tech-resistant industry into the age of apps
Tick Tock, TikTok
The US thinks the Chinese-owned social media app is a major national security risk. TikTok is running out of ways to avoid a ban
Cleaner Clothing Dye, Made From Bacteria
A UK company produces colors with less water than conventional methods and no toxic chemicals
Pumping Heat in Hamburg
The German port city plans to store hot water underground and bring it up to heat homes in the winter
Sustainability: Calamari's Climate Edge
Squid's ability to flourish in warmer waters makes it fitting for a diet for the changing environment
New Money, New Problems
In Naples, an influx of wealthy is displacing out-of-towners lower-income workers