JPMorgan's quant guru details 2 ways Trump's COVID-19 diagnosis can lift markets
The bank held its year-end S&P 500 target of 3,600 in a Friday note, adding the diagnosis only slightly increases Democratic presidential nominee Joe Biden's chances of taking the White House in November. Biden already boasts a healthy lead in most polls, and an additional boost might aid markets by reducing election-related uncertainty, the team led by Marko Kolanovic, head of quantitative and derivatives strategy at JPMorgan, said in a note.
Such a scenario isn't without precedent. UK Prime Minister Boris Johnson enjoyed an outpouring of public sympathy after contracting the virus in March. After a debate performance largely viewed as chaotic and detrimental to his election hopes, Trump could regain some favor among compassionate voters.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biden praying for 'health and safety' of Trump after COVID-19 test - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Putin wishes Trump well after COVID-19 diagnosis, praises 'vitality' - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Ivanka Trump and Jared Kushner test negative for COVID-19 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Trump tests positive for COVID-19 after Hope Hicks tested positive - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Donald Trump: The VIPs who belittled COVID-19 threat then got infected - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Johnson, who nearly died from COVID-19, wishes Trump 'speedy recovery' - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »