Reflation and portfolios
We believe a Democrat-controlled Congress is likely to boost fiscal spending, a key ingredient for reflation. Although all may not be back to normal by year-end, we expect the S&P 500 Index to reach record highs driven by the reflation theme. In this month’s video, Chris Haverland, CFA, Global Asset Allocation Strategist, explains which equity classes and sectors have often benefited from a “reflation trade.”