'Orderly' President Donald Trump win most favorable outcome for equities JP Morgan says

A rise to three ,900 would mark a 12.6% jump from Friday's closing level. A clean sweep by Democrats would be "mostly neutral" for markets, JPM said during a note received on Monday, adding: "We see an 'orderly' Trump victory because the most favourable outcome for equities."

'Orderly' President Donald Trump  win most favorable outcome for equities JP Morgan says
President Donald Trump

US investment bank JPMorgan expects the S&P500 index to surge to three ,900 points if U.S. President Donald Trump is re-elected next week, calling such an outcome the foremost favourable for stock markets.A rise to three ,900 would mark a 12.6% jump from Friday's closing level. A clean sweep by Democrats would be "mostly neutral" for markets, JPM said during a note received on Monday, adding: "We see an 'orderly' Trump victory because the most favourable outcome for equities."

The odds of a "blue wave" have narrowed slightly since mid-October. Former vice chairman Joe Biden features a substantial lead in national opinion polls, although the competition is closer in battleground states likely to make a decision the race. JPMorgan said several of its data gatherings, like voter registration, Twitter sentiment, point to a "tightening race". The bank sees a gridlock within the election as a "net positive" for stocks.

Within sectors, JPM sees beaten down energy and financial stocks to likely be key beneficiaries of a Trump victory, while a Biden win could trigger a rotation from U.S. growth stocks to non U.S. growth stocks, given the danger of upper taxes. "We find that energy, financials and healthcare sectors could likely see the foremost outsized moves as they need been explicitly referenced by each candidate on the campaign trail," the bank added.

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