This is all but declaring Trump the winner in the 2020 elections. Barring a last minute throw down by Hillary Clinton, it appears Trump is going to cut off the dicks of all democratic candidates, including Elizabeth Warren. I must admit to finding happiness in the fact that she’s still in the running, adding a little color to an otherwise all white democratic field. Unbelievably racist.
Citi is upping their targets for the S&P 500.
Citi raised its year-end 2020 S&P 500 target slightly to 3,375 from 3,300 because of the better gains this year versus its 3,050 objective for 2019.
The bank cautioned, however, that higher taxes and tighter regulation are likely next year if the Democrats win the White House.
A Donald Trump re-election would bring its own risks of unpredictable policy on trade, diplomatic relations and global order, the bank wrote.
“The elections backdrop remains a major uncertainty overhang, even though the last year of a presidential cycle tends to generate respectable returns,” Citi wrote.
We already know what Trump is going to do — fuck with China, cause newspaper sales to soar, and increase the importance of Twitter. In a Democratic regime, one could expect Greta Thunberg to be the Secretary of State and water pressure to decrease to a drip.If you enjoy the content at iBankCoin, please follow us on Twitter