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Sector Targets:  Health Care, Clean Tech

Andrew Fisher
Wednesday, 5 Nov 2008 | 1:07 PM ET

Looking for sweeping economic changes, as the Barack Obama administration takes power in Washington? Paul Kedrosky of Ten Asset Management thinks you'll be looking for a long time before you see anything, but he has some market sectors he thinks stand to benefit in the meantime.

"The voters wanted change, and they're actually not going to get much of it, because we can't afford it," he told CNBC. "I think the market decided it was really a wash who won, because either candidate is going to be so hamstrung by our deficits and by the debt we're running up that they're not going to be able to do very much."

Kedrosky also thinks there is enough internal dissent among members of the president-elect's party that sweeping changes are not likely.

"My sense is that there are enough 'blue-dog' Democrats that it's unlikely we get to that point," he said. "I think there's a sort of fiscal responsibility level on the meter that we're going to hit, and we're not that far away."

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So where would he put his stock investment money?

"I actually like the 'clean tech' stocks, and some of the health care here, if only because there's going to be some certainty about things like tax credits," he said.

Markets Post-Election
Insight on where the markets will go from here under Obama, with Chrystia Freeland, Financial Times; Ron Rimkus, BB&T Asset Management and Paul Kedrosky, Ten Asset Management

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