LIVE: What traders are saying about US midterm elections
Photo: Protos
According to Jed Ellerbroek of Argent Capital Management, relative outperformance by the healthcare sector ahead of today’s midterm elections is attributable to capital rotation out of AI, as well as optimism about Democratic polling odds. “I think part of that is the anti-AI trade,” the $3.6 billion asset manager told CNBC, adding, “I also think part of it is just optimism that Democrats are taking over.” Tobin Marcus of Wolfe Research agreed that a Democratic win is a tailwind for healthcare stocks.
Source: Protos
