Both Mr. Trump and Mr. Harris, the two candidates, are feared to have a negative impact on the US stock market - Citigroup.
September 16, 2024, 21:02 JST (excerpt).
It appears that the political policies advocated by both the Republican candidate, former President Trump, and the Democratic candidate, Vice President Harris, have a negative impact on the US stock market, according to strategists at Citigroup. In particular, the proposed increase in corporate taxes by Ms. Harris is expected to have a significant impact.
Scott Kronart and his team at Citigroup's analysis suggests that Ms. Harris's policies could potentially have a 4-6% impact on the fair value of US stocks. They stated that "if Ms. Harris were elected, the increase in corporate taxes would have a significant direct impact."
It appears that the political policies advocated by both the Republican candidate, former President Trump, and the Democratic candidate, Vice President Harris, have a negative impact on the US stock market, according to strategists at Citigroup. In particular, the proposed increase in corporate taxes by Ms. Harris is expected to have a significant impact.
Scott Kronart and his team at Citigroup's analysis suggests that Ms. Harris's policies could potentially have a 4-6% impact on the fair value of US stocks. They stated that "if Ms. Harris were elected, the increase in corporate taxes would have a significant direct impact."
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