US Election: Why pharma and other defensive sectors will provide a lifeline

Deep Dive into US Equities

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Eddie Perkin of Eaton Vance
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Eddie Perkin of Eaton Vance

"You pay a very high price in the stockmarket for a cheery consensus" — Warren Buffett.

As the highly unusual year of 2020 comes to a close, there remain two clear catalysts for US equity markets: firstly, the outcome of the US Presidential Election; and secondly, the impact of a potential Covid-19 vaccine on the performance of value stocks. When will the Presidential Election outcome be called? It has become a popular cliché to observe that markets dislike uncertainty. It is helpful to have dates on the calendar when decisions are made and uncertainty evaporates. Evenlode: Pharma faces complex challenges in rising to ESG scrutiny Election day is presumably one such d...

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