BNY Mellon: Commentaar John Bailer op verkiezingsjaar VS

BNY Mellon: Commentaar John Bailer op verkiezingsjaar VS

Equity Outlook United States Politics
Amerikaanse vlag.jpg

Onderstaand het commentaar van John Bailer, manager van het BNY Mellon US Equity Income fund bij BNY Mellon Investment Management op het Amerikaanse verkiezingsjaar en het vooruitzicht voor Amerikaanse aandelen.

“The US economy continues to grow between two and three percent with limited chance of a recession next year. The current administration is keenly focused on the state of the economy and the performance of the stock market as we enter 2020; we expect that their policies will be increasingly geared towards generating growth and optimism as the year progresses. We expect to see more constructive dialogue regarding trade, which should reduce headwinds restraining global growth and confidence over the past couple of years. As a result, US stocks offer plenty of attractive investment opportunities across a number of sectors.”

 “Though returns for the market will likely be lesser than they have been in the past several years, we believe that a significant valuation dispersion within the market presents an opportunity for compelling returns. Value stocks are exceptionally cheap relative to growth stocks and the broad market.  We particularly like the materials, energy and financials sectors given their attractive valuations and underappreciated earnings potential.”