The holiday weekend has done nothing to slow the positive momentum for U.S. stocks. Strong U.S. jobs data buoyed investors on Thursday and the three major benchmark indexes made significant gains at the open on Monday. The Dow Jones Industrial Average DJIA, +1.20% was 1.2%, or 310 points higher in early trading.
JPMorgan’s strategists note that Biden’s policy priorities were initially set out pre–COVID-19 and would surely shift. “Given the current economic weakness, business recovery and job growth are likely to be prioritized over policies that could dampen economic growth and perhaps even jeopardize the desired 2022 midterm election outcome,” the investment bank’s U.S. equity strategy team said in a note.
A minimum-wage hike would have a positive impact on consumer spending and would be a net positive for S&P 500 companies despite higher costs and some employment losses, according to JPMorgan. “Distinguishing winners and losers will depend on businesses who will see incremental demand due to rising disposable income, lower labor intensity and higher margins.”
The world’s second-largest cinema operator, Cineworld CINE, -4.58%, said on Monday that Canada’s Cineplex CGX, +1.41% has started legal proceedings against it in relation to the termination last month of a proposed acquisition.
Yea, bigger government, more corruption and higher taxes is good for everybody
Lol, then it will drop like a rock when he reintroduces regulations
It WILL drop but not because of him. It is at an artificial high level. Let’s just hope the bubble bursts before the election
MarketWatch is supposed to be apolitical. They most certainly are not! Amazing how MarketWatch gets away with misleading their readers by putting out BS like this.
You cannot lie like Trump and get away with it, he is a LIAR
Yeah, JPMorgan never gets it wrong.
Trump can keep your portfolio afloat only for short term. Before he tweets the trade war with china. He is good only for traders. For long term returns on investments and economic growth, you need policy stability.. chose wisely
Jp morgan says: it doesnt matter who wins, we buy all of their souls regardless. remember when trump said the market was fake because of FED intervention? Same crap when he took over. Same crap when he's gone. Banks win, middle class loses until its gutted.
They’re telling you what they think you want to hear. Fact is no matter who wins this country is still going to be swirling in the toilet. JoJorgensen2020
Moving/Shifting, seems somewhat artificial.
JP Morgan playing both sides of the fence. They know greater regulation and higher corporate taxes will take us back to “how are you going to do that, with a Magic’s wand?” Obama/Biden era.
Obama-Biden administration told us the sluggish 2% annual GDP growth was the 'new normal' and it was the best we could expect. They were wrong then and Biden clings to the same failed policies.
Means it will drop down near to nothing....so Trumps statement is true....
Fact is that a lot of Americans worried about the last 4 years have put their money in safe havens. The market will climb with stability in our government. Only way to get that is a sane leader in the People's House.
Nonsense. There will be a huge drop. The market knows that Biden will not really be running things, but rather the radical leftists will. High taxes, especially capital gains taxes, are not good for the stock market.
Even if Bernie Sanders won, JPM would say that is somehow positive for stocks because they need them up.
Lmaoo please stop
It might be neutral to slight positive for the economy, but equities are a different matter.
Yes, this is as likely as being a financial follow not a political one at all. Just more and more propaganda from you all the time.
did you guys meet biddens husband lmao ... what a joke he is !!
MW, JPM is attempting to save their behinds from a Biden Puppet presidency. More Part Time Jobs, Higher Taxes, More Regulations, More people not in the labor Market, China given free access to everything NOT GOOD for markets or our Country.
Holy Crap 😂😂😭😭 I will move everything to cash 😭😂
Joe biden has marionettes strings on him
I actually agree. The stock market won't drop to 0 unless the world is completely destroyed in some apocalyptic event, and dem presidents have not actually been that bad for equities. Anyway Trump is surely better choice.
The market is looking for stability. Trump can not provide that.
No way no how could Biden ever pump the economy like Trump has
Yes that’s always what I’m looking for in my portfolio movement, “neutral to slight positive.”
Buy the dip applies to any market. Not just trump's. LMAO.