⁍ A rise to 3,900 would mark a 12.6% jump from Friday’s closing level.
⁍ The odds of a ‘blue wave’ have narrowed slightly since mid-October.
– If President Trump is re-elected, the S&P 500 could rise to 3,900 points, according to JPMorgan, which sees a “orderly” Trump victory as the most favorable outcome for equities. “We see an ‘orderly’ Trump victory as the most favorable outcome for equities,” the investment bank says in a note, adding that a Democratic victory would be “mostly neutral” for markets. Reuters notes that the odds of a “blue wave” shrinking the GOP’s majority in the House have narrowed since mid-October.
Source: https://www.reuters.com/article/us-markets-stocks-jpm/orderly-trump-win-most-favorable-outcome-for-equities-jpmorgan-idUSKBN27B1OD