Markets

David Darst on playing the US election

May 5, 2008: Section 3 - David Darst, Morgan Stanley strategist, speaks to Aline van Duyn, US Markets Editor, saying a Democratic President would favour alternative energy and generic drugs; a Republican President would favour oil companies and financial institutions. Regardless of the November election result, David Darst says defense stocks are likely to continue to outperform, as they have in the last eight election cycles.