Finance
Stocks making the biggest moves after hours: CSX, LVS, EFX, AA
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.
Finance
Ron Baron sees Tesla worth $5 trillion in 10 years, says Musk eyeing $30 trillion value one day
My wife is 9 years older than me — but makes 50% less. Will I have to retire for her to receive my Social Security spousal benefits?
I’m 71 with $2 million in retirement savings and a conservative investment strategy. Am I doing this right?
Protecting your portfolio against risks tied to Trump’s tariff plan
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
-
Technology1 week agoHow Small and Midsize Businesses Can Harness AI for Growth
-
Technology5 days agoAI Use Cases: Retail, Finance & Healthcare Solutions
-
Blog Post7 days agoThe Essential Practice of Bank and Credit Card Statement Reconciliation
-
Economics1 week agoDemocrats suffer in statehouse races, too
-
Stock News1 week agoRivian’s losses widen, but investors like hearing of ‘progress’ in next-gen EV
-
Accounting1 week agoFrom the campaign trail to the Tax Code: Taxes under Trump
-
Economics1 week agoWhat Trump’s historic election victory means for the global economy
-
Finance1 week agoChina expected to announce highly anticipated fiscal stimulus package