Harris: US stocks can rise 10% after mid-term elections

clock

Henderson multi-managers Mark Harris and Craig Heron are bullish on the near-term prospects for US equities following today's mid-term elections, saying the market could rise by upwards of 10%.

Harris, the group's head of multi-manager, says the mid-term elections in the US traditionally lead to a strong bounce for stock markets. "Since 1942 there have been 17 mid-term elections in the US, and on every occasion the market has rallied over the following 100 days. In some cases stocks climbed incredibly strongly," Harris says. "While the market might not rally as hard as in the past, due to the current economic climate, there is no reason why the market cannot rise 10% or so." Polling suggests President Barack Obama's Democrats will lose its majority in the House of Represe...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

FCA proposes 'targeted and proportionate' changes to listing rules for closed-ended funds

FCA proposes 'targeted and proportionate' changes to listing rules for closed-ended funds

Consultation runs into August

Michael Nelson
clock 26 June 2026 • 5 min read
Big games, big names… and smaller companies

Big games, big names… and smaller companies

'Brazil should be looking to the future rather than to the past'

Gabriel Sacks
clock 22 June 2026 • 4 min read
Why should investors back China in the worldwide robotics race?

Why should investors back China in the worldwide robotics race?

The race to identify Asia's hidden gems

Xin-Yao Ng
clock 19 June 2026 • 5 min read