JPMorgan Predicts Stock Market Bump if Trump Wins
JPMorgan Chase & Co.'s chief equity strategist shared stock market predictions for a Trump or Biden victory.
How will the stock market react to a Trump or Biden victory on Election Day?
Morry Gash | Getty Images
A Trump victory could push the S&P 500 index higher by 13%, according to a team of JPMorgan strategists led by Dubravko Lakos-Bujas. The team believes this bump would stem from the energy and financial sectors.
A victory by Joe Biden is predicted to have a “mostly neutral” effect. The strategists believe a "blue wave" would lead to more fiscal stimulus and infrastructure spending but suffer from negative consequences of higher taxes.
Read the full analysis at Fox News
Writing about post-election dips and surges, Rich Smith of The Motley Fool writes: "[I]s President Trump right to predict a stock market crash if Vice President Biden is elected next month, and a stock market boom if Trump is reelected? In the short term, he might very well be right — but he could also be wrong. Only time will tell us for sure."
Smith's advice for investors? "Don't gamble on who will win or lose the presidency in November. Instead, bet on a sure thing: That when you're investing for decades, the stock market is the place to be."
Entrepreneur Editors' Picks
-
These Co-Founders Are Using 'Quiet Confidence' to Flip the Script on Cutthroat Startup Culture and Make Their Mark on a $46 Billion Industry
-
My 7-Year-Old Daughter Started Selling Eggs. Here's What She Taught Me About Running a Startup.
-
Why You Need to Become an Inclusive Leader (and How to Do It)
-
Career Transitions You Can Make in Your 40s and 50s
-
Billionaire Naveen Jain Is an Expert at Disrupting Fields He Has No Experience In. His Secret Sauce for Building Multi-Million Dollar Companies? 'You Have to Come as Naive.'
-
4 Principles to Develop Next-Level Leadership at Your Company
-
This Filipino American Founder Is Disrupting the Beverage Aisle by Introducing New Flavors to the Crowded Bubbly Water Market
