Heightened volatility is set to continue long into Joe Biden's forthcoming presidency, but calmer seas await investors once they trust that quality businesses will navigate the storms successfully, according to AB's Jim Tierney.
The manager of the AB Concentrated US portfolio talks to Investment Week about what else is in store for Biden and the US over the coming 12 months. What are your expectations of Joe Biden's presidency? Which parts of the US economy will benefit most from Biden? Which parts will benefit least or will perhaps even suffer? President-elect Biden won comfortably, but faces the reality of a Democratic House with a smaller majority and the likelihood of a Republican Senate (run-off for both seats in January). So, without a "Blue Wave", he is going to be forced to govern towards the middle...
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