Bank of America strategist Michael Hartnett said that given Donald Trump's rising chances of winning the US presidential election and the Republican Party controlling Congress, investors have begun to build up assets that performed well after the former president's victory in 2016. Hartnett and a team of Bank of America strategists wrote in the report that the price trend over the past week showed that investors bought the leading assets in 2016, such as banks, small-cap stocks, and the US dollar ahead of schedule. In November 2016, after Trump defeated Hillary Clinton, the US stock market and dollar immediately soared. Other signs also indicate that attention to the “Trump deal” is rising. Since the beginning of October, the basket of stocks that Goldman Sachs Group is expected to outperform with the victory of the Republican Party has definitely overtaken what was expected to benefit from the victory of the Democratic Party.

Zhitongcaijing · 10/18 12:41
Bank of America strategist Michael Hartnett said that given Donald Trump's rising chances of winning the US presidential election and the Republican Party controlling Congress, investors have begun to build up assets that performed well after the former president's victory in 2016. Hartnett and a team of Bank of America strategists wrote in the report that the price trend over the past week showed that investors bought the leading assets in 2016, such as banks, small-cap stocks, and the US dollar ahead of schedule. In November 2016, after Trump defeated Hillary Clinton, the US stock market and dollar immediately soared. Other signs also indicate that attention to the “Trump deal” is rising. Since the beginning of October, the basket of stocks that Goldman Sachs Group is expected to outperform with the victory of the Republican Party has definitely overtaken what was expected to benefit from the victory of the Democratic Party.