Anil Singhvi decodes Janet Yellen factor in US - here is how market is set to be affected going forward | Ajay Bagga Special
Zee Business Managing Editor Anil Singhvi in a candid chat with market analyst Ajay Bagga asked him to provide some clarity around the US market going forward, now that Joe Biden transition is looming.
Zee Business Managing Editor Anil Singhvi in a candid chat with market analyst Ajay Bagga asked him to provide some clarity around the US market going forward, now that Joe Biden transition is looming. The Market Guru asked him to explain the mood of the US market in the wake of Joe Biden set to take up the leadership of the United States soon. Replying to Anil Singhvi, market analyst Bagga said the mood is upbeat in the US with right choice of cabinet, and especially with President-elect Joe Biden’s choice of Janet Yellen for Treasury secretary. She is a formidable figure in her own right.
Bagga said that Yellen is the perfect choice for Treasury secretary as she has a proven record as chairman of Federal Bank and she had been head of economic council in Bill Clinton government as well.
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जेनेट येलेन बाजार के लिए काफी अनूकुल हैं, फरवरी तक स्टिमुलस पैकेज आने की उम्मीद। US में अब सुस्त ग्रोथ वाले सेक्टर में आएगा एक्शन: अजय बग्गा, ग्लोबल मार्केट एक्सपर्ट#BazaarKiBaat #USElections2020 #JoeBiden #DonaldTrump @AnilSinghvi_ @Ajay_Bagga pic.twitter.com/1tZYIKrcnP
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Bagga said that Joe Biden presidency will begin on January 20, but the market is discounting this news to a great extent.
Talking about market outlook in anticipation of another stimulus package in the wake of second wave of Coronavirus in the US, Bagga said there is a rotation in performance of the stocks from September. He said while small cap, mid cap shares grew exponentially, performance of large cap stocks remained dismal.
He said rise of Covid 19 cases in India and the US, especially the latter, will see a slowdown due to extension of lockdown. He said consumer spending will define the US market in the next few months as festival season has already begun there.
Bagga said value from momentum, value from growth, a shift of stock market trend (large cap, mid cap, small cap) and outperformers are likely to make markets move.
Notably, Bagga said said that stocks that saw low growth are likely to perform at that time.
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He said after Covid-19 vaccine is made available, stocks related to hotel industry, metals, oil companies and real estate will perform well.
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