A Warren Presidency Might Not Be So Bad for Stocks, RBC Says
- Presidential candidate advocates ‘accountable capitalism’
- RBC sees potential for market winners in a Warren White House
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Concern on Wall Street has been rising along with 2020 Democratic presidential contender Elizabeth Warren’s poll numbers. But worries about her potential success may be overdone, according to RBC Capital Markets.
“Any pain from a Warren win is likely to be temporary,” Lori Calvasina, RBC’s head of U.S. equity strategy, wrote in a report Monday that was partially underpinned by a survey of RBC industry analysts. “Most of the sectors at high risk under a Warren presidency from a policy perspective (Financials, Energy, Health Care, Industrials) are already deeply undervalued versus the broader market.”