JP Morgan expects US stock markets to jump if Trump wins

JP Morgan expects US stock markets to jump if Trump wins
JP Morgan expects US stock markets to jump if Trump wins
American investment bank JP Morgan expects that the benchmark Standard & Poor’s 500 Index on Wall Street will jump to 3,900 points if President Donald is re-elected on November 3, describing such a result as the most positive for stock markets.

A rise to 3,900 points would represent a jump of more than 14 percent from the index’s closing level on Monday. JP Morgan said in a note that a landslide victory for the Democrats would be “mostly neutral” to the markets.

“We consider that a ‘quiet’ victory for Trump would be the most positive result for stocks,” he added.

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