Investing.com -- Capital Economics strategist James Reilly expressed skepticism about the implications of Donald Trump's 2024 election victory for U.S. equities, arguing that the win is not unequivocally beneficial for the stock market.
Capital Economics points to the potential for tariffs and trade tensions under a Trump administration, which could hurt corporate profits and global supply chains. However, Capital Economics analysts have revised their targets for the stock markets of other economies as they believe that, much like during 2018 following the start of the initial Trump trade war,"tariffs will take a heavy toll."Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.