FILE PHOTO: US dollars are counted by a banker counting the currency at a bank in Westminster, Colorado on November 3, 2009. REUTERS / Rick Wilking
October 26, 2020
BOSTON (Reuters) – Top Asset Manager BlackRock Inc.
In a research report, BlackRock said it took the move for tactical reasons.
“The markets are increasingly reflecting a unified outcome of Democratic government that can lead to significant budget expansion,” Blackrock said. “This election result would drive the market prices of the higher inflation regime, which we have already reflected in our strategic asset views.”
(Reporting by Ross Kerber; Editing by Jason Neely and Chizu Nomiyama)
This article originally appeared on www.oann.com