The S&P 500 could jump 14% to 3,900 if Trump wins the election, JPMorgan says
The S&P 500 could rally around 14% to hit 3,900 if President Donald Trump wins the November election, according to JPMorgan.
A Trump victory is the “most favorable outcome for equities,” a team of analysts led by chief US equity strategist Dubravko Lakos-Bujas said in a note on Friday.
A ‘Blue Sweep’ scenario would be mostly neutral for equities in the short-term, they said, because although the economy would see more federal stimulus, that could be offset by rising corporate taxes.
JPMorgan expects energy, financials, and healthcare to see the biggest moves as they were the explicitly referenced sectors by both Biden and Trump on their campaign trails.
latinos singing it:
“YO VOY A VOTAR, POR DONALD TRUMP!” ( i AM GOING TO VOte for Donald Trump in Spanish salsa song ! lol )