Trump Election Sweep Likely Bullish for US Stocks, RBC Analysts Say
- Survey of its analysts shows Harris sweep most bearish outcome
- Citi strategists see Trump win favoring US stocks over Europe
Donald Trump during a campaign rally in Indiana, Pennsylvania, US, in September.
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A sweep for Donald Trump’s Republican party in elections is likely to be the most bullish outcome for US stocks, with the energy and financial sectors benefiting the most, according to a survey of analysts at RBC Capital Markets.
The poll found its US analysts see a Trump presidential victory on Nov. 5 accompanied by Republican majorities in the Senate and the House of Representatives as the best scenario for equities, while a split Congress could also be slightly positive.