Stock market signaling tightening US presidential election: Goldman - Business Insider

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.The trading activity of certain stocks is sending a signal to investors that the upcoming Presidential election this November is going to be close — and is getting closer, Goldman Sachs said on Friday.

Specifically, the recent outperformance of a basket of stocks with high corporate tax rates relative to its low-tax counterpart signals a recent preference for companies expected to benefit from a Republican victory. Further, the direct probability of Joe Biden's proposed tax hike has declined in recent weeks, although it remains the more likely outcome, Goldman data show.

"Education and clean energy stocks have moved in directions consistent with a rising probability of Democratic sweep," Goldman said. While corporate and tax hikes from the Biden administration would reduce 2021 S&P 500 earnings by 9% and likely hurt stocks, large fiscal expansion initiatives and less uncertainty with trade policy could be a tailwind for stocks, Goldman said.

If Joe Biden will be elected – God have mercy on us

Why should I believe you. 95% of your tweets are ant-Trump.

Man Biden bout to blow a 3-1 lead like the LAClippers 😂😂😂😂 NBA Clippers Vote Vote BidenHarris2020

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Inside Yelp's Phoenix office: Insiders allege racism, sexism, partying - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Sumber: BusinessInsider - 🏆 729. / 51 Baca lebih lajut »

Inside a $44 million Lake Tahoe estate that neighbors Mark Zuckerberg - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Sumber: BusinessInsider - 🏆 729. / 51 Baca lebih lajut »

Stock market investing strategy, contrarian ideas for election: MS - Business Insider2 senior PMs at Morgan Stanley's $665 billion investment-management business share their contrarian outlooks on the election, the stock market, and a vaccine — and break down how they are readying portfolios in advance
Sumber: BusinessInsider - 🏆 729. / 51 Baca lebih lajut »