Reported 24 days ago
As Americans prepare to vote for the next president between Kamala Harris and Donald Trump, Wall Street is bracing for potential consequences in the stock market due to each candidate's proposed fiscal policies. Harris' tax increases could dampen stock buybacks while Trump's tariffs might ignite trade wars, impacting corporate profits. Regardless of the election outcome, investors will soon confront Wall Street's significant valuation concerns, highlighted by the S&P 500's historically high Shiller P/E ratio, which historically precedes market downturns.
Source: YAHOO