CITIC Securities: The performance of the US stock market during Trump's term was better than during Biden's administration

CITIC Securities stated that, looking back at historical performance, whether from the perspective of absolute returns of the US stock market indices or the earnings of component stocks, the performance of the US stock market during Trump's term was better than during Biden's administration. Therefore, if Trump wins the 2024 US presidential election, in the short term, attention can be focused on the real estate and financial industries being driven by valuation expansion, while in the medium to long term, focus can be on industries such as materials and industrial sectors benefiting from lower corporate income taxes

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