KIC Discusses US Presidential Election and Second Half Market Outlook with Korean-American Financial Experts in New York

The sovereign wealth fund Korea Investment Corporation (KIC) organized a meeting in New York with Korean financial professionals and local investment experts to discuss the impact of the U.S. presidential election and the outlook for the stock market in the second half of the year.

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On the 28th, KIC announced, "Under the auspices of the New York office, the 12th 'New York Financial Professionals Forum' was held on the morning of the 27th (local time) at the Consulate General of the Republic of Korea in New York." The forum was attended by more than 30 investment officers from the Consulate General’s Economic and Financial Section, government and public investment institutions, securities firms, banks, and insurance companies.

Jason Trenert, CEO of Strategas Securities, who gave a presentation that day, stated, "Since 1944, in every year when a presidential election is held, the U.S. stock market has risen by an average of 16% thanks to various economic stimulus measures," adding, "It is important to continue paying attention to government-led liquidity provision."

He forecasted a high likelihood of prolonged high inflation and high interest rates due to government spending and a robust labor market. He also noted that although concerns about a recession have eased, it is necessary to approach cautiously by monitoring macroeconomic indicator trends in the second half of the year.

As key investment themes expected to lead the market going forward, he cited deglobalization, artificial intelligence (AI) technological innovation, and government bond yields. By sector, he highlighted energy, materials, and industrials.

Strategas Securities is a macroeconomic research firm based in New York and Washington, providing macroeconomic research, investment strategies, and trading services to institutional investors and corporations worldwide.

Lee Kyung-taek, head of the KIC New York office, which hosted the New York Financial Professionals Forum, said, "It was a valuable opportunity to deeply discuss the outlook for the U.S. stock market, which recently hit record highs, and to examine the impact of the upcoming U.S. presidential election," adding, "We will continue to organize events that help Korean institutional investors establish long-term investment strategies."

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