Bank of America report: The US presidential election will not have a big impact on US stocks
Subramanian, a strategist at Bank of America, and her team predict that regardless of who wins the November election, US stocks will rise in 2025. She expects the S&P 500 index to increase earnings per share by 13% YoY next year, and profit growth has always been the biggest driver of stock market gains. Subramanian summed it up by saying, "Corporate profits are more important than politics."
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Safe-haven assets are in demand as conflict continues in the Middle East and concerns about a global growth slowdown persist, analysts note