Connect with us

Hi, what are you looking for?

Stock

This strategist isn’t ‘convinced that Trump’s win is a net positive for US stocks’

Investing.com —  Capital Economics strategist James Reilly expressed skepticism about the implications of Donald Trump’s 2024 election victory for U.S. equities, arguing that the win is not unequivocally beneficial for the stock market.

While some market participants have celebrated the potential deregulatory and tax policies, the strategist warns of uncertainties that could weigh on performance.

Capital Economics points to the potential for tariffs and trade tensions under a Trump administration, which could hurt corporate profits and global supply chains.

“We aren’t convinced that Trump’s win is a net positive for US stocks,” said Reilly. “We think his policies will be negative for growth.”

In addition, the strategist said he doubts he will deliver another major fiscal expansion.

Even so, Capital Economics remains bullish on U.S. stocks based on the artificial intelligence hype “fueling a stock market bubble” and the fact they do not believe the election has undermined that story.

The firm maintained its S&P 500 end-of-2025 forecast at 7,000. For the same reason, they continue to believe that tech sectors will continue to lead the market.

However, Capital Economics analysts have revised their targets for the stock markets of other economies as they believe that, much like during 2018 following the start of the initial Trump trade war, “tariffs will take a heavy toll.”

This post appeared first on investing.com

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.






    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Editor's Pick

    Former president Donald Trump and his allies have filed hundreds of lawsuits, with more to come, seeking to tighten voting rules or disqualify voters....

    Economy

    LONDON (Reuters) – Bank of England interest rate-setter Megan Greene said she still believed the central bank should take a cautious approach to cutting...

    Editor's Pick

    Sister Stephanie Schmidt had a hunch about what her fellow nuns would discuss over dinner at their Erie, Pennsylvania, monastery on Wednesday night. The...

    Latest News

    Warner Bros. Discovery said Thursday its streaming platform Max added 7.2 million global subscribers in the third quarter. It marked the biggest quarterly growth for...

    Disclaimer: beneficialinvestmentnow.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 beneficialinvestmentnow.com