An Elizabeth Warren presidency may not be as bad for stocks as some investors fear, strategist says
"In our industry ... there's a general perception that it would be a significant equity market correction if she were to win," says David Zervos, chief market strategist at Jefferies.
"But people forget she's not that different from Obama. If you put the two of them side by side in 2007, they had very similar agendas — healthcare, regulation and financial, and energy and environment," he told CNBC's "Squawk Box." Under Barack Obama, the stock market soared, with the Dow Jones Industrial Average jumping more than 140% by the time his term ended.
Democratic presidential candidate Sen. Elizabeth Warren speaks during a rally in Washington Square Park on September 16, 2019 in New York City.presidency would likely be tough on some sectors, but it might not hit stock markets as hard as feared, a Jefferies strategist suggested on Wednesday. Warren, a Democratic presidential 2020 frontrunner, has bashed the rich — proposing a wealth tax — and lambasted the financial industry among other sectors. As the Massachussetts senator
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