Reported 25 days ago
Bank of America’s Michael Hartnett advised investors to sell U.S. stocks if Donald Trump wins the presidency, aligning with Citigroup’s recent recommendation. He warned that a Trump victory could lead to tax cuts and inflation, negatively impacting stock prices. Despite a recent rally in the S&P 500, driven by hopes for a Trump win, Hartnett suggests that a victory for Democratic candidate Kamala Harris would favor technology stocks, framing it as a potential buying opportunity. Meanwhile, attention turns to upcoming economic reports ahead of a Federal Reserve meeting.
Source: YAHOO