TDAmeritrade's Kinahan: Election will move sectors more than the full market
Money Life with Chuck Jaffe - A podcast by Chuck Jaffe
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JJ Kinahan, chief market strategist at TD Ameritrade, says that the virus and the election will dominate the market action for the remainder of the year and until they are settled, but he says that the election results may not shake things up much on the whole, instead hitting specific sectors hard. He notes that what happens in the House and Senate -- particularly if control of the latter shifts -- will have particular impact on the health-care and energy sectors. Also on the show, Bryan McGannon of US SIF discusses a controversial rules proposal that could limit or reduce investors' access to social investment funds in their retirement plans, Ted Rossman of CreditCards.com talks about the financial impacts -- and pitfalls -- from event cancellations, and Brian Bollinger of Simply Safe Dividends discusses the impact of dividend freezes cuts and suspensions on dividend-investing strategies in the current environment.