"Profits accelerating are far more important than who is sitting in the Oval Office," Subramanian said.
Instead, the energy sector was the worst-performing sector when Trump was in office, losing 29% even as the S&P 500 surged 83%.
Meanwhile, the clean energy sector rose 306% during Trump's presidency, according to data from YCharts.
AdvertisementToday, the opposite is true: traditional energy stocks have been the best-performing sector during Biden's presidency, rising 139%, while the clean energy sector is the worst-performing sector, down about 55%.
AdvertisementUltimately, Subramanian and her team expect the stock market to rise in 2025 regardless of who wins the election in November.
Persons:
—, Savita Subramanian, Subramanian, Donald Trump, Trump, Joe Biden, Elon Musk
Organizations:
Bank of America, Stock, Service, Capitol, Republican, White House
Locations:
YCharts