JPMorgan Chase & Co.’s chief fairness strategist shared inventory market predictions for a Trump or Biden victory.

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How will the inventory market react to a Trump or Biden victory on Election Day?

A Trump victory may push the S&P 500 index increased by 13%, based on a staff of JPMorgan strategists led by Dubravko Lakos-Bujas. The staff believes this bump would stem from the vitality and monetary sectors.

A victory by Joe Biden is predicted to have a “principally impartial” impact. The strategists consider a “blue wave” would result in extra fiscal stimulus and infrastructure spending however endure from damaging penalties of upper taxes.

Read the full analysis at Fox News

Writing about post-election dips and surges, Rich Smith of The Motley Fool writes: “[I]s President Trump proper to foretell a inventory market crash if Vice President Biden is elected subsequent month, and a inventory market growth if Trump is reelected? Within the brief time period, he would possibly very effectively be proper — however he is also incorrect. Solely time will inform us for certain.”

Smith’s recommendation for buyers? “Do not gamble on who will win or lose the presidency in November. As a substitute, wager on a certain factor: That once you’re investing for many years, the inventory market is the place to be.”