Bank of America addresses investor concerns ahead of 2024 U.S. election, focusing on profits over politics.

From Investing.com: 2024-10-18 10:46:04

Bank of America addresses key points for investors ahead of the 2024 U.S. election, emphasizing that profits are more important than politics. The impact of election outcomes on stock performance is downplayed, with focus on sector-specific impacts. Despite pre-election volatility, the market hits new highs, but the VIX remains elevated. Different election outcomes could benefit industries like US Online Media and homebuilders, while tax cuts and regulation play a factor. BofA emphasizes the need for stock picking over passive investing, citing shifting demographics and anti-monopoly scrutiny as key factors in the market.



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