News Formal

Sell Stocks If a Trump Win Drives a Rally, Citi Strategists Say

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 37 sec. here
  • 16 min. at publisher
  • 📊 Quality Score:
  • News: 67%
  • Publisher: 50%

Business Notizia

Company News,Elections,Financials

US stocks may be rallying ahead of a potential victory for Donald Trump in next week’s US election, but for strategists at Citigroup Inc., a clean sweep for the Republican party will be a signal to sell.

Scott Ladner, chief investment officer of Horizon Investments, talks about a market playbook for a presidential victory.

A Trump win is generally seen as good news for stocks because his proposals to lower corporate taxes would likely benefit company earnings. The Citi strategists argue, however, that the “near-euphoric sentiment” that’s driving the S&P 500 Index toward a sixth straight month of gains is leaving it ripe for a pullback.

The gains that have pushed the benchmark index to a record high have largely been driven by economic growth and corporate earnings, though a recent shift in betting markets in favor of a victory for Trump has also helped. Vice President Kamala Harris’s policies to potentially hike taxes have been viewed as relatively more bearish for stocks. Most major polls show the two candidates in a dead heat.

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 83. in İT
 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Asian Stocks to Rise After Wall Street Win Streak: Markets Wrap(Bloomberg) -- Most Asian stocks are poised to rise in early trading Monday after Wall Street finished last week on fresh highs. Most Read from BloombergA...
Fonte: YahooFinanceCA - 🏆 47. / 63 Leggi di più »

Premarket: U.S. futures rise as chip stocks rally after TSMC results; economic data in focusEuropean stocks gain, euro weak ahead of ECB, ‘Trump trade’ lifts U.S. dollar
Fonte: globeandmail - 🏆 5. / 92 Leggi di più »