JPMorgan Says Trump Win Could Spur U.S. Stocks, Dent Asia Assets
- Strategists look at market trends after 2016 vote for clues
- They say trade-weighted dollar could rise on Trump re-election
While polls and prediction markets give Biden the edge, analysts also remember how Trump shocked many pundits and markets by defeating then-favorite Hillary Clinton in 2016.
Photographer: Kevin Dietsch/UPI/Bloomberg
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A surprise election victory by President Donald Trump next week could benefit U.S. equities and the dollar while hampering Asian assets, according to JPMorgan Chase & Co.
That’s based on market moves after Trump unexpectedly won the vote in 2016, according to strategists including Nikolaos Panigirtzoglou. Democrat nominee Joe Biden is currently leading in polls but Wall Street firms have recently cautioned against assuming he will beat Trump.