On the flip side, some investors are buying oil exploration, defense and aerospace stocks, and banks that are expected to benefit if Mr. Trump prevails. “Market participants agree that the U.S. election is the big event for 2020,” Amelia Garnett, a salesperson in Goldman Sachs’s securities division, said on a recent podcast. The financial industry views Ms. Warren in particular with apprehension, and her rise in the polls during the late summer and fall, Ms. Garnett added, inspired “a rapid flurry of interest” from clients to prepare for the possible impact of the type of higher-tax, bigger-government agenda Ms. Warren has promised. The goal for investors, of course, is to make money off their wagers — or at least to avoid losing it due to some unforeseen political outcome. Those, according to Mr. Emons, could be in areas that Ms. Warren’s policies, for example, would expand — child-care providers like Bright Horizons Family Solutions, for instance, or green energy providers like Brookfield Renewable Partners.

Source: International New York Times December 26, 2019 21:11 UTC