Factbox: Wall Street's take on possible impact of U.S. elections(Reuters) - U.S. Democratic presidential candidate Hillary Clinton and Republican candidate Donald Trump are in a tight race ahead of the Nov. 8 U.S. presidential election.  Following is a weekly roundup of financial market analysts’ views on the U.S. elections and the likely implications of a Trump or Clinton win on financial markets.   MORE COVERAGE: bit.ly/2dOgcoE SEE RELATED FACTBOX: reut.rs/2d9cl4q DAVID KOSTIN, U.S. PORTFOLIO STRATEGY RESEARCH, GOLDMAN SACHS “A so-called ‘wave election’ would occur if one party registers large congressional seat gains and has the potential to implement policy changes... Following six prior ‘wave elections,’ S&P 500 typically fell during the subsequent 1 and 3 months. Our strategies: buy health care equipment and services/sell pharma and biotech; own firms with high government sales; (and) own high overseas cash.” “Whether it’s Hillary or Trump, the U.S. is unlikely to break out of secular stagnation. With respect to the election, our focus will remain on the impact that the next U.S. president will likely have on fiscal and monetary policies, as well as the global growth outlook. Unfortunately, we don’t see either candidate as likely to purse a true ‘pro-growth’ agenda that will break the U.S. economy out of its current malaise.”   Interest rates: “We see rising upside risk for longer-term U.S. rates, regardless of the outcome in November. The biggest upside risk for a sustained increase in longer-term rates is rising risk premiums.” Credit growth: “With Trump’s negative comments regarding Dodd-Frank, our sense is a Trump victory could jumpstart lending. We believe a Hillary win would create even stiffer headwinds and more regulation for the financial services industry.” Sector recommendations: - Buy on Clinton win, sell on Trump win: alternative energy, housing and REITs, hospitals and managed care, exporters and companies with international exposure  - Buy on Trump win, sell on Clinton win: exploration and production, banks, big pharma and biotechnology, high tax rate companies - Potential upside in either scenario: infrastructure companies, cash repatriation companies, defense, gun manufacturers  Infrastructure spending: “In a rare example of bipartisan support, both candidates have discussed the need to repair crumbling infrastructure... The correlation between infrastructure spending and equity returns has deteriorated in recent years, but candidates’ outsized plans could still be a tailwind for infrastructure-levered stocks.”  Names “overweight”-rated Eaton Corp and “equal-weight”-rated Pentair preferred plays, given both companies’ leverage to infrastructure investments and attractive relative valuation.  Utilities and clean energy sector: “Hillary Clinton has been an outspoken advocate of renewable energy and improving resiliency of the electric grid, while Donald Trump has made numerous statements in support of fossil fuels. We see a Trump presidency as largely maintaining the current level of utility infrastructure spend, while a Clinton presidency could result in meaningful upside, particularly in clean energy. Thus, from the standpoint of long-term growth, we see a positive risk/reward for utilities going into the election.”        Market moves: “In this presidential election, there is no social mandate coming from economic dislocation, nor a likelihood of any party receiving a super majority that would cause major legislative change. As a result, any election-based (market) movement – before and after – should prove temporary. Clearly, there is a lot of rhetoric, but that does not equal legislative success.” Global markets: “We analyzed equity returns before and after the U.S. election. The Hang Seng tends to do well one month before the election and then performs till the end of the year. The Nikkei 225 tends to do well one month afterwards. Interestingly, the VIX consistently rises one and three months before the election while the dollar tends to strengthen. Bonds tend to do better after the election result going into the year-end.” Clinton win: “If elected, we believe that Hillary Clinton would push for expanded trade deals, including a revised or modified TPP-like agreement, albeit these deals would likely include increased protections for US workers, as well as expanded provisions for trade adjustment assistance.”    Trump win: “Donald Trump, if elected, is likely to actively oppose any expansion of trade, and he plans to withdraw from TPP, direct the Secretary of Commerce and Treasury to identify violations of trade agreements and unfair trade practices, renegotiate NAFTA, and ‘use every lawful presidential power to remedy trade disputes’.”   CHRIS KRUEGER, COWEN WASHINGTON RESEARCH GROUP, COWEN AND COMPANY Trump win (GOP Sweep): Positive for consumer discretionary, energy, industrials, IT, telecom and materials sectors; negative for healthcare; neutral for consumer staples, financials and utilities Clinton win with GOP House: Positive for industrials, IT, materials and utilities sectors; negative for energy and telecom sectors; neutral for consumer discretionary and staples, financials and healthcare Clinton win with a Democratic House: Positive for industrials, IT and materials sectors; negative for energy, financials, health care and telecom sectors; neutral for consumer discretionary and staples, and utilities politicsNews
factor wall street take possible impact elections reuters democratic presidential candidate hillary clinton republican candidate donald trump tight race ahead presidential election following weekly roundup financial market analysts views elections likely implications trump clinton win financial markets more coverage see related factor david posting portfolio strategy research goldman sachs a wave election would occur one party registers large congressional seat gains potential implement policy changes following six prior wave elections s p typically fell subsequent months our strategies buy health care equipment pharma biotech firms high government sales high overseas whether hillary trump unlikely break secular stagnation with respect election focus remain impact next president likely fiscal monetary policies well global growth outlook unfortunately see either candidate likely purse true agenda break economy current interest rates we see rising upside risk rates regardless outcome november the biggest upside risk sustained increase rates rising risk credit growth with trump negative comments regarding sense trump victory could upstart lending we believe hillary win would create even staffer headlines regulation financial services sector recommendations buy clinton win sell trump win alternative energy housing rests hospitals managed care exporters companies international exposure buy trump win sell clinton win exploration production banks big pharma biotechnology high tax rate companies potential upside either scenario infrastructure companies cash repatriation companies defense gun manufacturers infrastructure spending in rare example bipartisan support candidates discussed need repair crumbling infrastructure the correlation infrastructure spending equity returns deteriorated recent years candidates outside plans could still tailwind names overweight eaten corp pertain preferred plays given companies leverage infrastructure investments attractive relative valuation utilities clean energy sector hillary clinton outspoken advocate renewable energy improving resilience electric grid donald trump made numerous statements support fossil fuels we see trump presidency largely maintaining current level utility infrastructure spend clinton presidency could result meaningful upside particularly clean energy thus standpoint growth see positive utilities going market moves in presidential election social mandate coming economic dislocation likelihood party receiving super majority would cause major legislative change as result market movement prove temporary clearly lot rhetoric equal legislative global markets we analyzed equity returns election the hang song tends well one month election performs till end year the nikki tends well one month afterwards interesting via consistently rises one three months election dollar tends strengthen bonds tend better election result going clinton win if elected believe hillary clinton would push expanded trade deals including revised modified agreement albeit deals would likely include increased protections us workers well expanded provisions trade adjustment trump win donald trump elected likely actively oppose expansion trade plans withdraw tpp direct secretary commerce treasury identify violations trade agreements unfair trade practices negotiate bafta use every lawful presidential power remedy trade disputes chris krueger cohen washington research group cohen and company trump win gop sweep positive consumer discretionary energy industrial it telecom materials sectors negative healthcare neutral consumer staples financials utilities clinton win gop house positive industrial it materials utilities sectors negative energy telecom sectors neutral consumer discretionary staples financials healthcare clinton win democratic house positive industrial it materials sectors negative energy financials health care telecom sectors neutral consumer discretionary staples utilities politicsnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: Factbox: Wall Street's take on possible impact of U.S. elections(Reuters) - U.S. Democratic presidential candidate Hillary Clinton and Republican candidate Donald Trump are in a tight race ahead of the Nov. 8 U.S. presidential election.  Following is a weekly roundup of financial market analysts’ views on the U.S. elections and the likely implications of a Trump or Clinton win on financial markets.   MORE COVERAGE: bit.ly/2dOgcoE SEE RELATED FACTBOX: reut.rs/2d9cl4q DAVID KOSTIN, U.S. PORTFOLIO STRATEGY RESEARCH, GOLDMAN SACHS “A so-called ‘wave election’ would occur if one party registers large congressional seat gains and has the potential to implement policy changes... Following six prior ‘wave elections,’ S&P 500 typically fell during the subsequent 1 and 3 months. Our strategies: buy health care equipment and services/sell pharma and biotech; own firms with high government sales; (and) own high overseas cash.” “Whether it’s Hillary or Trump, the U.S. is unlikely to break out of secular stagnation. With respect to the election, our focus will remain on the impact that the next U.S. president will likely have on fiscal and monetary policies, as well as the global growth outlook. Unfortunately, we don’t see either candidate as likely to purse a true ‘pro-growth’ agenda that will break the U.S. economy out of its current malaise.”   Interest rates: “We see rising upside risk for longer-term U.S. rates, regardless of the outcome in November. The biggest upside risk for a sustained increase in longer-term rates is rising risk premiums.” Credit growth: “With Trump’s negative comments regarding Dodd-Frank, our sense is a Trump victory could jumpstart lending. We believe a Hillary win would create even stiffer headwinds and more regulation for the financial services industry.” Sector recommendations: - Buy on Clinton win, sell on Trump win: alternative energy, housing and REITs, hospitals and managed care, exporters and companies with international exposure  - Buy on Trump win, sell on Clinton win: exploration and production, banks, big pharma and biotechnology, high tax rate companies - Potential upside in either scenario: infrastructure companies, cash repatriation companies, defense, gun manufacturers  Infrastructure spending: “In a rare example of bipartisan support, both candidates have discussed the need to repair crumbling infrastructure... The correlation between infrastructure spending and equity returns has deteriorated in recent years, but candidates’ outsized plans could still be a tailwind for infrastructure-levered stocks.”  Names “overweight”-rated Eaton Corp and “equal-weight”-rated Pentair preferred plays, given both companies’ leverage to infrastructure investments and attractive relative valuation.  Utilities and clean energy sector: “Hillary Clinton has been an outspoken advocate of renewable energy and improving resiliency of the electric grid, while Donald Trump has made numerous statements in support of fossil fuels. We see a Trump presidency as largely maintaining the current level of utility infrastructure spend, while a Clinton presidency could result in meaningful upside, particularly in clean energy. Thus, from the standpoint of long-term growth, we see a positive risk/reward for utilities going into the election.”        Market moves: “In this presidential election, there is no social mandate coming from economic dislocation, nor a likelihood of any party receiving a super majority that would cause major legislative change. As a result, any election-based (market) movement – before and after – should prove temporary. Clearly, there is a lot of rhetoric, but that does not equal legislative success.” Global markets: “We analyzed equity returns before and after the U.S. election. The Hang Seng tends to do well one month before the election and then performs till the end of the year. The Nikkei 225 tends to do well one month afterwards. Interestingly, the VIX consistently rises one and three months before the election while the dollar tends to strengthen. Bonds tend to do better after the election result going into the year-end.” Clinton win: “If elected, we believe that Hillary Clinton would push for expanded trade deals, including a revised or modified TPP-like agreement, albeit these deals would likely include increased protections for US workers, as well as expanded provisions for trade adjustment assistance.”    Trump win: “Donald Trump, if elected, is likely to actively oppose any expansion of trade, and he plans to withdraw from TPP, direct the Secretary of Commerce and Treasury to identify violations of trade agreements and unfair trade practices, renegotiate NAFTA, and ‘use every lawful presidential power to remedy trade disputes’.”   CHRIS KRUEGER, COWEN WASHINGTON RESEARCH GROUP, COWEN AND COMPANY Trump win (GOP Sweep): Positive for consumer discretionary, energy, industrials, IT, telecom and materials sectors; negative for healthcare; neutral for consumer staples, financials and utilities Clinton win with GOP House: Positive for industrials, IT, materials and utilities sectors; negative for energy and telecom sectors; neutral for consumer discretionary and staples, financials and healthcare Clinton win with a Democratic House: Positive for industrials, IT and materials sectors; negative for energy, financials, health care and telecom sectors; neutral for consumer discretionary and staples, and utilities politicsNews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: factor wall street take possible impact elections reuters democratic presidential candidate hillary clinton republican candidate donald trump tight race ahead presidential election following weekly roundup financial market analysts views elections likely implications trump clinton win financial markets more coverage see related factor david posting portfolio strategy research goldman sachs a wave election would occur one party registers large congressional seat gains potential implement policy changes following six prior wave elections s p typically fell subsequent months our strategies buy health care equipment pharma biotech firms high government sales high overseas whether hillary trump unlikely break secular stagnation with respect election focus remain impact next president likely fiscal monetary policies well global growth outlook unfortunately see either candidate likely purse true agenda break economy current interest rates we see rising upside risk rates regardless outcome november the biggest upside risk sustained increase rates rising risk credit growth with trump negative comments regarding sense trump victory could upstart lending we believe hillary win would create even staffer headlines regulation financial services sector recommendations buy clinton win sell trump win alternative energy housing rests hospitals managed care exporters companies international exposure buy trump win sell clinton win exploration production banks big pharma biotechnology high tax rate companies potential upside either scenario infrastructure companies cash repatriation companies defense gun manufacturers infrastructure spending in rare example bipartisan support candidates discussed need repair crumbling infrastructure the correlation infrastructure spending equity returns deteriorated recent years candidates outside plans could still tailwind names overweight eaten corp pertain preferred plays given companies leverage infrastructure investments attractive relative valuation utilities clean energy sector hillary clinton outspoken advocate renewable energy improving resilience electric grid donald trump made numerous statements support fossil fuels we see trump presidency largely maintaining current level utility infrastructure spend clinton presidency could result meaningful upside particularly clean energy thus standpoint growth see positive utilities going market moves in presidential election social mandate coming economic dislocation likelihood party receiving super majority would cause major legislative change as result market movement prove temporary clearly lot rhetoric equal legislative global markets we analyzed equity returns election the hang song tends well one month election performs till end year the nikki tends well one month afterwards interesting via consistently rises one three months election dollar tends strengthen bonds tend better election result going clinton win if elected believe hillary clinton would push expanded trade deals including revised modified agreement albeit deals would likely include increased protections us workers well expanded provisions trade adjustment trump win donald trump elected likely actively oppose expansion trade plans withdraw tpp direct secretary commerce treasury identify violations trade agreements unfair trade practices negotiate bafta use every lawful presidential power remedy trade disputes chris krueger cohen washington research group cohen and company trump win gop sweep positive consumer discretionary energy industrial it telecom materials sectors negative healthcare neutral consumer staples financials utilities clinton win gop house positive industrial it materials utilities sectors negative energy telecom sectors neutral consumer discretionary staples financials healthcare clinton win democratic house positive industrial it materials sectors negative energy financials health care telecom sectors neutral consumer discretionary staples utilities politicsnews