The profit outlook for the group is converging with the rest of the S&P 500, but their valuations are not.

The president-elect’s agenda promises uncertainty and volatility for stocks. A healthy exposure to bonds may be key to peaceful sleep.

In separate news, Alliance Bernstein unveiled several new tax-advantaged SMAs focused on equities and municipal bonds.

Looking ahead to the presidential election, advisors are evenly split on the near-term direction of the economy and the markets.

Stocks are expected to gain under both candidates. Trump is seen as better for gold and Bitcoin, while Harris is slightly more positive for housing costs.

Equities, in particular, have historically shown robust performance during these intervals of stable inflation.