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Citi: The market's biggest concern is not the election, and US stocks are likely to hit new highs.
Golden Finance reported that Citigroup analysts said that elections often have a significant impact on the market trends before the vote, but traders seem to be more focused on other matters this year. Analysts pointed out that several market indicators that usually flash before the US elections are significantly calm this year, indicating less concern about the impact of the elections on the market than in previous years. They believe that traders are following not the elections, but the US economy and earnings season. (FX168)