By Alan Bartlett, Chief Investment Officer, Templeton Global Equity Group®; Grant Bowers, Senior Vice President, Portfolio Manager, Research Analyst, Franklin Equity Group®; and Stephen H. Dover, CFA, Head of Equities
Here are a few highlights from the conversation today:
- "As a growth investor focused on the US, I think we have to recognize that what's been driving technology has been really this idea of digital transformation and how it's affecting the global economy… We think that the election outcome only reinforces that outlook." - Grant Bowers
- "I think from an election standpoint, one of the things that has been good for health care is when you split the ticket in the US, and you divide the Senate and the House, you've removed one of the biggest sort of negative overhangs around the health care sector." - Grant Bowers
- "I think there is an end game here, ultimately that we are more concerned about than I think the average person … which is the potential for inflation, rising interest rates, de-basement of the US currency, et cetera." - Alan Bartlett
- "The reality is to us, if government activity at the moment succeeds, it's inevitable that we get inflation and that ultimately ends the cycle. If government intervention doesn't succeed, it's inevitable that the recession is prolonged." - Alan Bartlett
Transcript
Stephen Dover: Grant, let's start off with you. How has this last week's election results and earnings results, and even COVID, how has that affected your thinking on the markets or on sectors?
Grant Bowers: I think it's quite interesting to see how the elections are appearing to play out with very much the sort of split ticket or split ballot type of scenario with Joe Biden in the White House, a split Senate between Republicans and Democrats still really reinforcing
