Goldman Sachs: Corrective movement for US stocks if Democrats win elections

[yota691]

Goldman Sachs: Corrective movement for US stocks if Democrats win elections

December 13, 2019 09:37 PM
Mubasher : Goldman Sachs analyst said that US stocks will be on a date with a major corrective movement if the Democrats sweep the elections in 2020.

"Timothy Mo," co-chair of the college's Asia Research at the bank, said in comments with the US "CNBC" on Friday: "The occurrence of a full democratic result, as the party believes in the presidency as well as both houses of Congress would make partial or complete abolition." Tax cuts approved in 2017 are highly likely. "

And Mo added that if that happens, the profits of Standard & Poor's companies will decrease by about 12 percent if the tax reduction is canceled completely, which in turn may lead to a big corrective movement in the US markets.

US stocks made very strong gains this year, with the S&P rising nearly 26 percent so far.

The analyst explained that the market is likely to face some challenges and the three most important dates that investors must understand are March 3, the primary election day, and July 13, when the Democrats officially announced their candidate for the presidency and vice president, in addition to the presidential election day in November 3, 2020.

[yota691]

Back to the You didn't build that somebody else did that..

 

[nstoolman1]

 

[nstoolman1]