Warren Win Unlikely to ‘Crush’ Equity Market, Bernstein Says
- Economists say presidential races don’t dominate markets
- World War II and dot-com bust pushed down stocks, not election
Senator Elizabeth Warren
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Elizabeth Warren’s run for president won’t necessarily send stocks tumbling, as argued by some on Wall Street like Leon Cooperman and hedge fund manager Paul Tudor Jones, according to Bernstein. Especially if the economy continues to grow.
“Would Warren crush the equity market?” the firm’s Philipp Carlsson-Szlezak and Paul Swartz wrote in a note. “Not so fast...”