FT News Briefing Monday’s global equity market rebound, US voter suppression, 60/40 portfolio
Sep 29, 2020
European stocks surge as investors rush into recovering sectors. Donald Trump faces serious claims of tax dodging and voter suppression just before a critical debate. The discussion dives into why traditional investment strategies, like the 60/40 portfolio, may need a major rethink in our evolving economy. Amid inflation worries, investors grapple with shifting market dynamics, especially in tech and private equity opportunities.
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Equity Market Rebound
- European stocks led a global market rebound on Monday, September 28, 2020, with beaten-down sectors recovering.
- Investors showed renewed interest in cyclical stocks like banks, signaling a potential shift back to growth-focused investments.
Trump's Tax Returns
- Leaked tax documents reveal that President Trump paid only $750 in federal income taxes in 2016 and 2017.
- In several other years, he paid no income taxes, raising questions about his financial dealings.
Voter Suppression Allegations
- A report alleges that Trump's 2016 campaign actively tried to suppress Black voter turnout.
- Around 3.5 million Black voters were categorized as "deterrents", a controversial tactic.