stocks may still rise if Donald Trump is victorious.
Here are eight reasons:
- Markets already discounted a Trump win with the recent 4% slide.
- A Trump win could put Republicans in charge of the presidency, the House, and the Senate.
- More than 100 business leaders have endorsed Trump, including Carl Icahn and John Paulson.
- The market's performance is driven more by economics than by who is president. "Many investors will identify strategies based on the specific platforms of the candidates and eventual winner - this is intuitive and logical. "We looked at 6 precedent contested elections, and interestingly, found that portfolio strategy tended to follow prevailing economic trends, rather than platforms."
- Markets did well even under unpopular presidents such as Lyndon B. Johnson.
- The "enormously unpopular" Affordable Care Act, or Obamacare, would likely be repealed.
- There are merits in Trump's economic plans, including corporate tax cuts and higher infrastructure spending.
- Investors would focus on Trump's potential to reform Washington, or "drain the swamp," as he says.
GPP - charts, something is cooking, page-798
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