Finance
Stocks making big postmarket moves: Nucor, Cleveland-Cliffs and more
Money manager John Davi is positioning for challenges tied to President-elect Donald Trump’s tariff agenda.
Davi said he worries the new administration’s policies could be “very inflationary,” so he thinks it is important to choose investments carefully.
“Small-cap industrials make more sense than large-cap industrials,” the Astoria Portfolio Advisors CEO told CNBC’s “ETF Edge” this week.
Davi, who is also the firm’s chief investment officer, expects the red sweep will help push a pro-growth, pro-domestic policy agenda forward that will benefit small caps.
It appears Wall Street agrees so far. Since the presidential election, the Russell 2000 index, which tracks small-cap stocks, is up around 4% as of Friday’s close.
Davi, whose firm has $1.9 billion in assets under management, also likes staying domestic despite the tariff risks.
“We’re overweight the U.S. I think that’s the right playbook in the next few years until the midterms,” added Davi. “We have two years of where he [Trump] can control a lot of the narrative.”
But Davi plans to stay away from fixed income due to challenges tied to the growing budget deficit.
“Be careful if you own bonds for sure,” said Davi.
Since the election, the benchmark 10-year Treasury yield is up 3% as of Friday’s close.
Elon Musk endorses Trump’s transition co-chair Howard Lutnick for Treasury secretary
Trump just might be able to impose higher tariffs without starting a trade war
Howard Lutnick, Donald Trump’s resilient transition chief
Are American progressives making themselves sad?
U.S. Beneficial Ownership Information Registry Now Accepting Reports
New 2023 K-1 instructions stir the CAMT pot for partnerships and corporations
-
Technology5 days agoAI Use Cases: Retail, Finance & Healthcare Solutions
-
Blog Post1 week agoThe Essential Practice of Bank and Credit Card Statement Reconciliation
-
Stock News1 week agoRivian’s losses widen, but investors like hearing of ‘progress’ in next-gen EV
-
Economics1 week agoWhat Trump’s historic election victory means for the global economy
-
Accounting1 week agoFrom the campaign trail to the Tax Code: Taxes under Trump
-
Economics1 week agoDemocrats suffer in statehouse races, too
-
Finance1 week agoChina expected to announce highly anticipated fiscal stimulus package
-
Finance1 week agoStocks making the biggest moves after hours: ABNB, PINS, EXPE, RIVN