Citigroup: If Trump wins, the time for a significant rise in U.S. stocks will be a good opportunity to "take profits."

Zhitong
2024.10.31 01:21
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Citigroup believes that if Trump wins the U.S. election, it could lead to a rise in U.S. stocks, but it would also be a good opportunity for "profit-taking." Despite optimistic market sentiment driving the S&P 500 index higher, the Citigroup team thinks the timing for a pullback is ripe. They hold an optimistic outlook for the U.S. stock market, expecting a rebound after the pullback. Analysis indicates that a Trump victory would be beneficial for economic growth and corporate profits, particularly benefiting the energy and financial sectors