Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.The upcoming US election is a catalyst for positive action in stocks, according to JPMorgan's Marko Kolanovic, as it will remove a key overhang from the markets.
And in the scenario that President Trump wins reelection in a "status quo" win, the S&P 500 could surge 19% to 4,000, Kolanovic said.While many market participants view that a Biden win, or a "blue sweep" in the upcoming Presidential Election, would be a negative for stocks and put pressure on the market, JPMorgan's Marko Kolanovic isn't so sure.
The stock market should move even high if Biden wins the election but Congress is split, as it would be difficult for Biden to pass his proposed tax reform policies. In this scenario, the S&P 500 could surge to 3,600, representing potential upside of 7% from Thursday's close.
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Thats what happens when interest rates are so low that there is literally nowhere else to get any kind of a return. This market has been disconnected from reality for years. Bubble city!
Trading Higher: +26.8% NNOX (Nano-X Imaging $30.40, +6.43) -- to demonstrate Nanox.ARC System +20.6% IDT (IDT Corp $8.30, +1.42) -- earnings +9.0% JHG (Janus Henderson Group $23.55, +1.95) -- holder Trian Fund Management files 13D (low vol)
...and that scenario is trump winning
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