A lighter regulatory approach to the US financial sector is more likely in the wake of Donald Trump's election, says AllianceBernstein's chief investment officer of concentrated US growth James T Tierney Jr.
Speaking in the above video, which continues Professional Adviser's Architas Advent Calendar counting down to Christmas, Tierney discusses his post-election view on US equities and why 2017 will see the repatriation of 'trapped' cash from overseas and an increase in infrastructure spending.
He says: "Trade was one of the most divisive issues in the election with Donald Trump talking about building a wall and protectionist-type policies.
"I think we have to differentiate between campaign rhetoric and the actual intention of what the Republican Party wants to do. I'm not sure it's good for anyone to have overly protectionist policies and I think many of those fears will dissipate over time."
Tierney adds: "When we see companies in the market, or sectors in the market, that are being disproportionately hit by fears over trade, I think that represents opportunity post the election."
