Market Overview

JPMorgan Charts Bull Case For S&P If Trump Wins

JPMorgan Charts Bull Case For S&P If Trump Wins

Investment bank JPMorgan Chase & Co.'s (NYSE: JPM) chief equity strategist sees the reelection of President Donald Trump as bullish for the S&P 500, Bloomberg reports.

What Happened:  Dubravko Lakos-Bujas, equity strategist at America's largest investment bank, sees the S&P 500 as high as 3,900 at the year's end in the most optimistic case.

This figure is 300 points above Lakos-Bujas' base-case target for year-end 2020 and implies a 14.7% advance from Monday's close.

Many traders consider a Democratic sweep followed by a fiscal stimulus as bullish for the equity markets, but Lakos-Bujas sees a Trump victory as the most favorable outcome for stocks.

Why It Matters: A "Blue Sweep" scenario will be mostly neutral in the short-term, Lakos-Bujas said in a note. 

This scenario supports positive catalysts like more fiscal stimulus and infrastructure spending, but also negative catalysts like rising corporate taxes, he said. 

With the election a few days away, volatility remains high, with the CBOE Volatility Index near 30.

Related Link: Economic Recovery Could Slow In Q4, JPMorgan Chief Global Strategist Warns


Related Articles (SPY)

View Comments and Join the Discussion!

Posted-In: BloombergAnalyst Color News Politics Top Stories Analyst Ratings Media General Best of Benzinga

Latest Ratings

YEXTDA DavidsonMaintains20.5
BYDB of A SecuritiesMaintains47.0
SAICMorgan StanleyMaintains98.0
PVHMorgan StanleyMaintains104.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at