WSJ Wealth Adviser Briefing: Value Stocks, Pharma Giants, Early-Bird Special – The Wall Street Journal

0
28

Health chaos worries investors. But political chaos can be all right.

That is the message that the stock market made clear in October, and in the opening days of November. While renewed coronavirus concerns pushed down stocks, and stock funds, in October, stocks have rallied since Election Day on Nov. 3—because the prospect of political gridlock is just fine with many investors.

Even though the presidential race wasn’t decided on election night, it did become likely that one party wasn’t going sweep the White House and Congress, and that was comforting to Wall Street and to many fund investors.

Below, some of the best analysis and insight from WSJ writers and columnists, the Dow Jones Newswires team and occasionally beyond, on investing, the wealth-management business and more.

ELECTION

What a Joe Biden Presidency Will Mean for Markets: A wild week across financial markets shows investors pricing in more of the status quo.

On America’s Farms, Worries About Regulation, Hope for Trade Deals Under Biden: A Democratic administration raises concerns about potentially stricter environmental regulations; less-combative approach to trade expected.

In Biden, Detroit Gets a ‘Car Guy’ With Electric Vehicles on His Mind: Car companies are preparing for the Biden administration to deliver tougher fuel-economy rules and support electric vehicles.

Silicon Valley Gets Another President Skeptical of Big Tech: Joe Biden has expressed wariness about the power of tech giants, which expect four more years of scrutiny.

CORONAVIRUS OUTLOOK

Possible Vaccine Powers Bond-Yield Surge, Adding to Postelection Volatility: Prospect of a vaccine-fueled economic rebound could prompt portfolio managers to again unwind positions built up in recent sessions.

PLANNING & INVESTING

Value Stocks May Have Done a Lot Better Than You Think: New research says that a flawed definition has led value investing to be such a poor performer over the past 15 years.

MARKET TALK

From Dow Jones Newswires

Persistent fears that jet fuel demand may never recover to pre-coronavirus levels are suddenly vanishing as airlines add flights, more countries stop forcing visitors to have taken coronavirus tests, and amid rising hopes for a vaccine. United Airlines says today it’s adding 1,400 domestic flights for Thanksgiving week and could swap in larger planes as necessary. International jet fuel demand could also get a boost as Colombia, Costa Rica and others are added to a growing list of countries no longer requiring visitors to provide proof of a negative coronavirus test. Global jet fuel demand plunged nearly 90% in April, but United says its schedules will be nearly half of normal by December. (dan.molinski@wsj.com)

A coronavirus recovery bill under president-elect Joe Biden is likely to look very different to recent stimulus proposals and could include environmental elements linked to job creation, in line with Biden’s climate plan, says Joe Keefe, President at Impax Asset Management. Biden has pledged to invest $2 trillion over four years in clean energy, low-carbon transport, building energy efficiency and infrastructure. “Infrastructure spending in particular would create employment across the country, including in Republican-leaning areas where Senators will come under political pressure to support additional fiscal stimulus,” Keefe says, adding that while legislation is unlikely to be passed until after the inauguration in January, work on the shape of the package will start over the coming weeks. (maitane.sardon@wsj.com)

BUSINESS & PRACTICE

Pharma Giants Market Their Value as Pandemic Bolsters Reputation: An often-disparaged industry is finding a rare opportunity to promote its value.

IMPACT INVESTING

What Is Greenwashing? Here Is What Investors Need to Know: As interest in sustainable investing grows, more companies are making misleading claims about their ESG practices.

TALKING POINTS 

Springboard Growth Looks to Bridge Funding Gap for Women-Led Companies: Springboard Growth is currently staffed entirely by women and backs businesses with at least one woman among their upper ranks with an equity stake in the business.

TRAVEL & LIFESTYLE

The Early-Bird Special Is Now Everyone’s Favorite Restaurant Reservation: Whether looking to sit outside before the sun sets, or just eager to escape the house, diners are hitting restaurants very early.

ABOUT US

The Wealth Adviser Briefing covers topics of interest to wealth managers, financial planners and other advisers. The content is curated by the Dow Jones Newswires team using articles from the Newswires, Barron’s, MarketWatch and The Wall Street Journal. The briefing is delivered to subscribers by email each workday morning at 6:30 a.m. ET. You can sign up here for email delivery.

We welcome feedback. Please email newsletters@dowjones.com or contact Dwight Oestricher at dwight.oestricher@wsj.com

Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

LEAVE A REPLY

Please enter your comment!
Please enter your name here