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

Why the bull market in precious metals may be starting again

Why the bull market in precious metals may be starting again

Silver and gold again – who would have thought it?

Paul Wood
clock 20 May 2026 • 2 min read
Omnis Investments launches passive range for Openwork and 2plan advisers

Omnis Investments launches passive range for Openwork and 2plan advisers

L&G to run day-to-day investment management

Patrick Brusnahan
clock 19 May 2026 • 2 min read
Digital bank Zopa gains targeted support authorisation

Digital bank Zopa gains targeted support authorisation

Receives regulatory approval for investment products

Sophia Panayi
clock 19 May 2026 • 1 min read