Markets Tank Over Fear Of A Second Trump PresidencyPosted By Rod Kaufman |
"Citi’s head of global wealth Andy Sieg is bullish on U.S. equities, saying he expects stocks can rally after the uncertainty from the election is lifted."
“There’s going to be a relief rally that is most likely to happen. We saw it in 2016, we saw it in 2020,” Sieg told CNBC’s “Money Movers.” “And when you think about the possibility for that relief rally, it’s uncertainty leaving the market, being replaced by some certainty in terms of the path forward, it’s rates coming down. And again, it’s getting refocused on the fundamentals in the U.S., which are strong.”
“So, we think the market has a ways to run,” Sieg added.
I hope this guy is right but once the market starts seeing the chaos induced by the Trump tariffs all bets are off..
“There’s going to be a relief rally that is most likely to happen. We saw it in 2016, we saw it in 2020,” Sieg told CNBC’s “Money Movers.” “And when you think about the possibility for that relief rally, it’s uncertainty leaving the market, being replaced by some certainty in terms of the path forward, it’s rates coming down. And again, it’s getting refocused on the fundamentals in the U.S., which are strong.”
“So, we think the market has a ways to run,” Sieg added.
I hope this guy is right but once the market starts seeing the chaos induced by the Trump tariffs all bets are off..