Dubravko Lakos-Bujas, strategist at JPMorgan Chase, expects US stocks to rally in the final stages of 2024 once the US Presidential Election results are in, especially if the result is political gridlock. "In any gridlock scenario, we believe US stocks will move higher as uncertainty clears, volatility falls and hedging positions squaring, and investors will once again look to the Federal Reserve as the economy and corporate earnings remain resilient," he wrote in a note to clients on Monday.