If Mr. Trump wins, US stocks are expected to be sold - following Citi, BofA also sounds a contrarian alarm.

November 1, 2024 20:15 JST (excerpt)
If Mr. Trump wins and the Republican Party secures a majority in both the upper and lower houses, inflation will accelerate.
The market's consensus estimate if Mr. Trump wins is a further stock price increase.
If Donald Trump wins the US presidential election and US stocks rise, investors should consider selling, advised Michael Hartnett, a strategist at Bank of America (BofA). Citigroup also shared a similar view this week.

If Trump wins the presidential election and the Republican Party secures a majority in both the Senate and the House, tax cuts and immigration restrictions are expected to be implemented, noted Hartnett in a report. This could lead to an increase in inflation and interest rates, creating a risk-off situation for stocks.
In contrast to the opinions of two major Wall Street banks, the market believes that if Mr. Trump wins, corporate tax cuts will boost corporate earnings, benefiting US stocks. The consensus in the market is that the S&P 500 stock index has been rising in recent weeks as Mr. Trump's chances of winning in the betting markets increase.