Bank of America and Citi Advise Caution on Stocks if Trump Win Sparks Rally 🚨
Bank of America (#BofA ) joins Citigroup in advising investors to consider selling any rally in U.S. stocks if Donald Trump wins the election. BofA’s Michael Hartnett argues that a #Trump victory, especially with a Republican-controlled Congress, could lead to tax cuts and immigration controls that drive inflation and interest rates higher, making stocks riskier.
This contrasts with the consensus that Trump’s policies would boost equities by benefiting corporate earnings. Conversely, Hartnett views a Kamala Harris win as favorable for tech stocks, suggesting any #dip should be bought, especially in Chinese tech.
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