- The S&P 500 could shed around 10% and retest the 3,000 mark, Anthony Denier, CEO of Webull told Business Insider.
- He said: “The lack of a deal could take away a lot of the stock market’s optimism and could send the S&P down another 10%.”
- The House passed a $2.2 trillion Democratic fiscal plan Thursday, but it still unlikely to garner support from the Senate.
- Strategist Edward Moya of OANDA thinks stocks will hardly budge if lawmakers don’t agree on another bill, but a deal will trigger a rally.
- Moya said: “If Pelosi and Mnuchin hammer out a deal, stocks will rally, but will not be able to recapture record high territory until we are beyond the election results.”
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The S&P 500 could shed around another 10% and flirt with the 3,000 mark if US lawmakers fail to agree upon more fiscal stimulus,