Stocks to climb no matter who wins presidential election, JPMorgan says - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

Stocks will climb no matter who wins the presidential election — and could surge 19% in one scenario, JPMorgan says

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

TikTok employees describe life inside the company as its future hangs in the balance - 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. 'On Sunday, September 27, the US courts issued an injunction preventing the implementation of the Executive Order'
Source: BusinessInsider - 🏆 729. / 51 Read more »

3 reasons why the stock market is overly concerned about US election fallout, JPMorgan says | Markets InsiderAn election judge directs voters outside a polling place in the Pearl Park Recreation Center on August 11, 2020 in Minneapolis, Minnesota Stephe... 'Despite broad public support, raising the minimum wage is always difficult owing to the disproportionate influence that wealthy firms and donors have in Congress.' Angus Deaton. 9 mths Pandemic COVID-19 predict worse than The Great Depression. FAANGS shd pay fair taxes Check out my Gig on Fiverr: Do You Want To Make 3d Animated Logo Intro Video In $5 ? Contact Me : Logo Animation 3D Logo Animation Top Logo Animation Best Logo Animation GREEN 🌎 NEWS
Source: BusinessInsider - 🏆 729. / 51 Read more »

Palihapitiya says election won't matter, stocks going higher next 4 years: 'You need to be long'Social Capital Founder and Chief Executive Officer Chamath Palihapitiya said the stock market will continue to move higher regardless of a Trump or Biden presidency. OZSC 124 million contract check that penny stock 💰🚀 Long BTC Why should people go long now😅 they can go long after the election to have more profit
Source: CNBC - 🏆 12. / 72 Read more »

JPMorgan, Affinity Capital Exchange partner on loyalty financing - 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. Still struggling with becoming A Profitable Forex trader? I can help you out,Make $3000 in just 3 days,No need to pay for Signals,Learn how to invest and generate income all by yourself.Become a successful forex trader today📊💰.DM for more info Markharrisfx jpmorgan Paywall jpmorgan I am going through a difficult economic situation. Lord, could you help me? I would appreciate it. God bless you
Source: BusinessInsider - 🏆 729. / 51 Read more »

Where Trump and Biden stand on supporting small business in election - 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. But we just got a report this morning that unemployment numbers are much lower than 'expectations'?
Source: BusinessInsider - 🏆 729. / 51 Read more »