JPMorgan analysts expect the S&P 500 to recover 3 percent from Friday's close if Hillary Clinton wins the U.S. presidential election Tuesday.
If Clinton wins, the S&P 500 should move back toward 2,150, and European and emerging market stocks should rise 3 to 4 percent, Mislav Matejka and other JPMorgan analysts said in a Monday note. They agreed with the consensus view that a Clinton victory remains more likely than a Donald Trump win.
The S&P 500 closed at 2,085.18 on Friday, posting a nine-day losing streak for the first time since 1980 as the race between Trump and Clinton appeared to tighten. The index fell about 3 percent over that time.