BTIG Strategist Sees Post-Midterm Stock Risk as Credit Weakens

BTIG strategist Jonathan Krinsky sees U.S. stocks at risk of falling after November’s midterm elections as credit spreads widen and sector weakness contrasts with an S&P 500 near recent highs.

Krinsky’s assessment suggests equity valuations may not fully reflect worsening credit-market signals.

Krinsky sees semiconductor stocks as especially vulnerable. Software shares have shown relative strength and could gain momentum.

Separately, Citadel Securities head of equity and equity derivatives strategy Scott Rubner sees AI stocks outperforming after the election, as described in earlier coverage of his view. The U.S. midterm elections are scheduled for Nov. 3.