With less than a month until the election and Democratic challenger Joe Biden opening up a wide lead, the politically sensitive health-care sector is on watch.
Boris Schlossberg, managing director of FX strategy at BK Asset Management, said a blue wave where Democrats take the White House and Senate while holding the House is not a foregone conclusion. However, should it happen, he sees benefits for the health-care sector.
“If you were to sort of forecast that, yes, you get a big blue wave, Biden wins and you get a big a Democratic sweep, then I think it’s actually not bad for the health-care sector, because the ultimate end goal here is that there will be more people having health care, and there will actually be a bigger buyer of health care in the form of government,” Schlossberg told CNBC’s “Trading Nation” on Monday.
While he anticipates short-term headwinds for