Ready for Blue Wave?
At least, Wall Street firms are getting ready, but
"”The consensus view is that a Democrat victory in November will be a negative for equities. However, we see this outcome as neutral to slightly positive," said Dubravko Lakos, a top strategist at JPMorgan Chase, in a recent report. “
While the DJA has a meager 0.24 YTD, the NASDAQ is at an impressive 30.08 YTD so that could cushion the perceived negative blue wave impact when it may come crashing in November. Because of the 2016 loss, many Democrats are still very cautiously optimistic about a potential sweep. We shall see.