 "Donald Trump")
A surprise election victory by President Donald Trump next week could benefit US equities and the dollar while hampering Asian assets, according to JPMorgan Chase & Co.
That’s based on market moves after Trump unexpectedly won the vote in 2016, according to strategists including Nikolaos Panigirtzoglou. Democrat nominee Joe Biden is currently leading in polls but Wall Street firms have recently cautioned against assuming he will beat Trump.
The JPMorgan strategists said it’s reasonable to expect an echo of the fallout from four years ago if Trump wins, such as a favorable market reaction for American equities compared with non-US
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