Steve Lipper Quoted in NPR—Royce
article 11-04-2020

Steve Lipper Quoted in NPR

Senior Investment Strategist Steve Lipper was quoted in NPR discussing how the election may affect the economy’s recovery.

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Senior Investment Strategist Steve Lipper was quoted in an NPR article titled “Stocks Soar as Tense Election Draws to A Close” by Jim Zarroli explaining how the election may impact a recovery.

Read the article here.

The article discussed that it would be easier to pass legislation if Democrats win both the White House and the Senate, though investors tend to disfavor unified control of the government, particularly by Democrats because they tend to push for higher taxes for the wealthy and stronger regulation. However, the economy is stalling after a record-breaking third quarter, so investors believe strong action is necessary in order to recover from the pandemic.

"If we elect a divided government, the recovery is likely to proceed at a moderate pace. If one party sweeps, then we may get a more significant fiscal response, driven either by tax cuts or spending increases," Steve Lipper was quoted saying in the article.

Read the article here.

Learn more about Steve Lipper here.

More Insights From Steve Lipper On How The Election May Affect Small-Caps.

Important Disclosure Information

Mr. Lipper’s thoughts and opinions concerning the stock market are solely their own and, of course, there can be no assurance with regard to future market movements. No assurance can be given that the past performance trends as outlined above will continue in the future.

This material is not authorized for distribution unless preceded or accompanied by a current prospectus. Please read the prospectus carefully before investing or sending money. Smaller-cap stocks may involve considerably more risk than larger-cap stocks. (Please see "Primary Risks for Fund Investors" in the prospectus.)

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