Citigroup says both candidates are negative for stocks, so hope for a split Congress

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Kamala Harris,Stock Markets,Investment Strategy

Policies proposed by both Harris and Trump could be a deterrent for stocks if fully enacted, according to an analysis by Citigroup.

Investors may be better off if November's election ends with neither candidate having enough wiggle room to enact their economic policies, according to Citigroup. Strategist Scott Chronert said in a note to clients that proposals from both Vice President Kamala Harris and former President Donald Trump would prove negative for the stock market if they were fully enacted. "We maintain our ongoing view that either candidate's policy platforms are U.S.

The Harris campaign has proposed raising taxes on both corporations and capital gains for wealthy individuals. Trump has focused more on using tariffs to raise government revenue. Recent polling in swing states and the nation as a whole point to a close race for the White House. Election betting site Polymarket shows roughly 50-50 odds for each candidate.

 

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