Markets

A Wall Street investment chief says a divided government is a better outcome for stocks than a ‘blue wave’ — and sees 44% S&P 500 upside from current levels

Stephen Auth, chief investment officer for equities at Federated Hermes says a divided government will be a “far happier outcome for markets” than a Democratic sweep. Auth explained that a divided government will pass a substantial fiscal package while avoiding “growth-killing” tax hikes. He has a long-term price target of […]
A Wall Street investment chief says a divided government is a better outcome for stocks than a ‘blue wave’ — and sees 44% S&P 500 upside from current levels