Fiscal stimulus and election results will determine what will happen to markets: GenTrust Principal's Hernandez

Elena Hernandez, Principal at Gentrust, and Jim Caron, global fixed income portfolio manager at Morgan Stanley investment management, discuss the impact of the election results and fiscal stimulus on the broader markets. We still have a lot of uncertainties in the market, says Hernandez. One, when the fiscal stimulus bill will be passed, and two, the path of the economy with increased Covid cases. So that's why we're staying a little bit underweight in equities, Hernandez adds.
05:27
Thu, Oct 22 20201:39 PM EDT

watch now
VIDEO03:14
CNBC ProThis is not looking like a V-shaped recovery, more a lopsided W, Nomura economist says
watch now
VIDEO03:48
CNBC ProSaxo Bank on why European oil companies are 'much more interesting' than their U.S. peers
watch now
VIDEO09:44
CNBC ProAlphaOmega Advisors' Cecchini discusses markets and his outlook on housing in NYC
watch now
VIDEO08:46
CNBC ProDivide between Wall St. and Main St. an extension of the last financial crisis: David Rosenberg
watch now
VIDEO06:04
CNBC ProNovember's been an incredible month for markets: Talkington