STOCK MARKET FORECAST: MORNING AFTER 2016 ELECTION

Printer-friendly versionPrinter-friendly version Share this

 

By Jonathan Goetz

November 7, 2016 (New York) -- Major banks are making investment strategies for how to handle assets Wednesday, November 9, 2016.

JP Morgan and Barclays agree a Clinton win would bump the S&P 500 2-3%. In the event of a Trump win Barclays is prepared to buy back into the American stock market only after it has dropped 11-13%.

Goldman Sachs, a large benefactor to the Clinton Foundation via Clinton speaking fees, believes that Clinton will win the Presidency and that Democrats will gain a slim Senate Majority, reports the Nightly Business Report.

A Wells Fargo Assets Management spokesperson predicted any post-election rally or decline as a result of the presidential election to be only temporary.