Ahead of the presidential election, Citi's head of US equity strategy Scott Chronert joins Catalysts to discuss what investors should consider ahead of the November race when Citi believes both Vice President Kamala Harris and former president Donald Trump are negatives for the equity market (^DJI, ^IXIC, ^GSPC).

Chronert tells Yahoo Finance Citi is considering three forces affecting the stock market for investors to take into account, including soft landing sentiments, the growth trajectories of the Magnificent Seven tech stocks, and the tail risk of the 2024 election.

"The election effects are hard to position for because there's still a lot of wood to chop in terms of getting to the election," Chornert says.

“Our work is that both candidates' policy platforms, all told, are marginally equity negative, but it’s still in this context of this bigger picture of where we are with the Fed in response to where we are with economic activity, ability to thread the economic, you know, needle to [a] soft landing category and then to the degree to which news flow continues to support that mega-cap growth cohort.”

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This post was written by Naomi Buchanan.