As Vice President Kamala Harris and former President Trump’s respective campaigns gain momentum, the potential impact of the next president on financial markets looms overhead for investors. Citi’s Head of US equity strategy Scott Chronert joins Market Domination to share his outlook.
Chronert notes that the next administration, regardless of party affiliation, will face a critical challenge: "the burgeoning deficit situation." He questions if the fiscal stimulus that has boosted the economy in recent years begins to wane, will it have a negative impact on earnings.
Overall, Chronert doesn’t think either party is good for stocks stating: "Both candidates and both parties, in our view, are mostly equity negative right now."
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