Citigroup has cautioned, however, that a Trump re-election or Democratic presidential victory both carry potential risks for stocks.
the presidential election, even though the party's moderate candidates have gotten a boost in the polls recently.
"The elections backdrop remains a major uncertainty overhang, even though the last year of a presidential cycle tends to generate respectable returns," Citi wrote. "Signs of political polarization remain, arguing for close polling, and thus, we suspect that the Street will become wary by mid-year."
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