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<ul><li>Suresh Tantia of <keyword id="48085" type="CITY" weightage="60" keywordseo="Credit-Suisse">Credit Suisse</keyword> <a href="https://www.cnbc.com/video/2020/10/01/markets-could-see-knee-jerk-negative-reaction-on-potential-biden-win.html">told CNBC on Thursday</a> that a Joe Biden win could spur a "knee-jerk" 5% pullback in the stock market given the Democratic nominee's stance on corporate taxes.</li><li>However, this pullback would be a buying opportunity for investors because long-term Federal Reserve support would continue to drive <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword> after the election, the senior investment strategist said.</li><li>Tantia said investors should seek out stocks in Asian markets, as they're cheaper than <keyword id="48211" type="ORGANIZATION" weightage="60" keywordseo="US-stocks">US stocks</keyword> and have strong earnings.</li><li><a href="https://www.businessinsider.com/international?r=US&amp;IR=T?utm_source=markets&amp;utm_medium=ingestm=ingest">Visit Business Insider's homepage for more stories</a>.</li></ul>Suresh Tantia, a Credit Suisse senior investment strategist, <a href="https://www.cnbc.com/video/2020/10/01/markets-could-see-knee-jerk-negative-reaction-on-potential-biden-win.html">told CNBC on Thursday</a> that while a Joe Biden win could cause the stock market to see a "knee-jerk" reaction in the form of a 5% pullback, this could be a buying opportunity for investors.The investment strategist said such a pullback could occur with a Biden win because of the Democratic nominee's proposal to raise corporate taxes. However, the Federal Reserve will drive the markets in the longer term, Tantia said, so investors should view a pullback as a time to buy stocks at a discount."The central-bank support is not going anywhere. The Fed is going to keep rates lower for longer, similar to other central banks," Tantia said. "So as they are injecting liquidity in the market, I think equity markets will bounce back. So we would want to use that pullback as an opportunity to buy into equities."Read more: <a href="https://www.businessinsider.com/investing-strategy-evan-buenger-shares-secret-process-to-returns-canslim-2020-9" target="_blank" rel="noopener">US Investing Championship hopeful Evan Buenger raked in a 131.9% return through August. He shares the distinct spin he's putting on a classic trading strategy that's led to his outsized returns</a>Tantia also cited "encouraging" macroeconomic data from countries in Asia and suggested investors seek out stocks there instead of the somewhat expensive stocks in the US."Given the election risk in the US and more expensive valuation, I think the Asian markets look more interesting," the strategist said. "Strong economic recovery, strong earnings, and much cheaper valuation compared to the US equity market."Read more: <a href="https://www.businessinsider.com/stock-picks-in-smid-cap-outperforming-fund-manager-amy-zhang-2020-9" target="_blank" rel="noopener">A portfolio manager who's outperforming nearly all of her peers this year shares 4 high-conviction stocks driving her strong performance across 2 funds</a>

A Biden win could spur a 'knee-jerk' 5% pullback in the stock market, but investors should seize the buying opportunity, Credit Suisse strategist says

<div class="KonaFilter image-container display-table"><div><div class="image on-image">Alex McBride/Getty Images</div></div></div><ul class="summary-list"><li>The pound looks set to rally in the chaotic aftermath of Prime Minister Theresa May's historic Brexit vote defeat.</li><li>May's defeat makes the following more likely: a no-deal Brexit, a second referendum, or Britain never leaving the EU at all. That latter two would be a godsend for pound bulls.</li><li>Traders also expect major bouts of volatility going forward, as uncertainty dominates the newsflow.</li><li><a href="https://markets.businessinsider.com/currencies/gbp-usd">Follow the pound's movements live at Markets Insider.</a></li></ul>In the hours before British Prime Minister Theresa May's <a href="https://www.businessinsider.com/live-brexit-meaningful-vote-liveblog-theresa-may-2019-1?r=US&amp;IR=T">biggest ever defeat </a>in the House of Commons on Tuesday evening, the pound was down as much as 1.5% against the dollar. But after the vote, it jumped, <a href="https://www.businessinsider.com/pound-dollar-exchange-rate-brexit-deal-parliament-vote-2019-1?r=US&amp;IR=T">eventually ending up in positive territory</a> on the day.May's rejection by more than two thirds of lawmakers, including more than 100 from her own party, threw Britain's exit from the European Union into disarray. Such uncertainty in British politics should be terrible news for the British pound, a currency which has endured more than two years of speculation and hearsay.But the vote makes the following more likely: a no-deal Brexit, a second referendum, or Britain never leaving the EU at all. That latter two would be a godsend for pound bulls, and is why, following on from Tuesday's jump, currency analysts say that the pound could continue its rally. Read more: <a href="https://www.businessinsider.com/theresa-may-historic-defeat-means-a-brexit-delay-article-50-extension-is-almost-certain-2019-1" data-analytics-position="1">Theresa May's historic defeat on her deal means a Brexit delay is almost certain</a>"The FX market has found a silver-lining and sterling has strengthened," Petr Krpata, currency analyst at ING <a href="https://think.ing.com/articles/gbp-finding-the-silver-lining/">wrote on Wednesday</a> morning."This is likely a function of ... increased likelihood that Prime Minister Theresa May is likely to have to (eventually) seek cross-party support for the next deal, with the perceived odds of Article 50 extension rising."Krpata goes on to argue that once the Brexit outcome is sorted, unless Britain ends up with no deal, the pound could rally sharply, owing to it being the most undervalued of all the major currencies."We see material upside to the heavily undervalued GBP (the cheapest in the G10 FX space) by year-end, as by then we expect a market-friendly resolution of the Brexit stalemate," he wrote.Read more: <a href="https://www.businessinsider.com/hedge-fund-titan-crispin-odey-bets-on-pound-says-brexit-wont-happen-2019-1" data-analytics-position="4">A Brexit-backing hedge fund titan now says Britain won't actually leave the EU, and is betting big on the pound</a>Richard Falkenhäll, senior FX strategist at Swedish bank SEB echoed Krpata's sentiments in an email sent prior to the vote on Tuesday evening, saying that any development which increases market perceptions that the UK could stay in the EU will boost the pound."From a GBP perspective, any alternative going forward that increases the likelihood that the UK in fact stays a member of the EU, like a referendum on the government agreement or even a new election demanding an extension of the withdrawal period, is therefore likely to be supportive for the GBP," he wrote."Although uncertainty is bad for the economy and bad for financial markets, in this case uncertainty may in fact be a positive factor for the British currency as it increases the likelihood the UK will remain an EU-member."<h2>Whatever happens, expect volatility</h2><div class="KonaFilter image-container display-table click-to-enlarge"><div><div class="image on-image"><a title_source="Markets Insider" title_caption="The pound was all over the place on Tuesday." class="zoomin" href="https://static-ssl.businessinsider.com/image/5c3f06e710f0d013644346c2-960/screenshot 2019-01-16 at 102630.png"></a>Markets InsiderThe pound was all over the place on Tuesday.</div></div></div>But one thing seems certain in the eyes of most in the currency markets: volatility."Uncertainty will stay high and UK markets volatile," Dean Turner, UK Economist at UBS Global Wealth Management said."The continued absence of clarity is likely to lead to further volatility in the near term," Suresh Tantia, investment strategist at Credit Suisse added.The pound on Wednesday was mainly flat, trading higher by less than 0.1%. Overnight, the CBOE BPVIX, an index which measures volatility in the pound dollar exchange rate, dropped around 5% from its Tuesday peak.Our Brexit Insider Facebook group is the best place for up-to-date news and analysis about Britain's departure from the EU, direct from Business Insider's political reporters. Join <a href="https://www.facebook.com/groups/267178180471848/">here.</a> <div class="margin-top"> <h3>NOW WATCH: <a href="https://www.businessinsider.com/saturn-losing-rings-faster-than-thought-nasa-2018-12">Saturn is officially losing its rings - and they're disappearing much faster than scientists had anticipated</a></h3> <div> </div> </div>

The downtrodden pound could be a big winner from the UK's Brexit chaos, but investors are expecting a bumpy ride

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A Biden win could spur a 'knee-jerk' 5% pullback in the stock market, but investors should seize the buying opportunity, Credit Suisse strategist says

Emily Graffeo

The downtrodden pound could be a big winner from the UK's Brexit chaos, but investors are expecting a bumpy ride

Will Martin

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