WTI Inches Lower to Near $71.00 Ahead of US Presidential Election
What will happen to the U.S. stock market with all kinds of outcomes tomorrow? This is goldman sachs's answer.
Goldman Sachs believes the most likely outcome is Harris's election with a divided Congress (40% probability), long-term growth/nasdaq/wind power/china/global export themes will outperform large cap, defensive stocks are better than cyclical stocks.
Total CEO: Regardless of who is elected, the USA will consolidate its advantage in the energy sector.
①CEO Patrick Pouyanne of Total stated that regardless of who wins the election, the next US president will strive to maintain the USA's energy dominance rather than risk losing it; ② About 64% of the crude oil production in the USA comes from shale oil. Pouyanne mentioned that the USA will soon become the top country in global liquefied natural gas (LNG) production.
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Express News | Analysis: Trump's trading turmoil indicates that the market may face high volatility on the day of the US election.