Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Oppenheimer Asset Management examines four possible outcomes to the November 3 election and their likely market impact.
The S&P 500, which hit record highs in early September, is heading for its largest one-month fall since March, having lost nearly 6% so far and nervousness over the November 3 election has been no small part of that. "In such a scenario we might expect the equity market to respond to such an across the board sweep by the Democrats in the upcoming election with a 6% to a 10% decline in a short period of time," Stoltzfus said in a note on Monday. The concern would be over too much legislative power being concentrated in Democrat hands.
Scenario #3 Trump wins re-election, Republicans sweep the House and the Senate - Mildly negative for stocks. Scenario #4 Trump wins; Democrats retain control of the House and take the Senate - Mostly neutral for stocks.
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