Citigroup: Both Trump and Harris' political platforms are unfavorable for US stock investors, who are more concerned about other factors than election voting

Odaily Planet Daily News: Citigroup strategists say that both Trump and Harris' political platforms seem to be unfavorable for the US stock market, with Democratic candidates' plans to raise corporate taxes being the most affected. Analyst Scott Chronort of the bank stated that Harris' plan will result in a 4% to 6% decrease in the fair value of US stocks. Meanwhile, the impact of policies planned by Republican candidates ranges from 0% to negative 4%. Strategists say that Trump's plan will trigger the biggest blow to the US fiscal deficit, which will become a major issue in the future. Trump promised to lower the federal corporate tax rate from 21% to 15%, while Harris proposed to raise the tax rate to 28%. Goldman Sachs strategists estimate that the US election could have a significant impact on the earnings of the S&P 500 index, with Trump's tax cut plan increasing earnings and Harris' plan lowering profits. Citigroup stated that overall, investors' sentiment towards a soft landing, the actions of the Federal Reserve, and the tailwind of artificial intelligence have had a greater impact on the US stock market than the vote on November 5th. (Golden Ten)