Program and guest
Bloomberg Television interviews Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets. Original English title: Blue-Wave Bets Weigh on Growth Stocks, Futures. Subtitles cover 0:00–1:45; this article covers the entire interview.
Key points
- The market had not fully priced in expectations of a sweeping Democratic victory, and that is the market reaction that needs to be explained. 0:11
- Conversations with investors over the past few weeks show that the tone of discussions in October was very different from that in September. 0:16
- In September, the market largely assumed Congress would be divided, while expectations of a blue wave have gradually risen since October. 0:20
- What is currently visible is concentrated weakness in large-cap growth stocks. 1:34
Background and notes
This episode is a short interview about the market’s election-night reaction. Subtitles cover 0:00–1:45; this article covers the entire interview. The views and timestamps are based on the original subtitles, and each timestamp marks the start of the corresponding passage.