A trader is reflected in a computer screen at Alfabank's equity trading desk as he examines the curve representing the year-to-date trend in the share price of Russian oil giant in Moscow July 21, 2004.Markets expect a 1.3% swing in the S&P 500 the day after the Iowa caucus, according to Cornerstone Research.Healthcare stocks have been the most reactive to the Democratic race so far, Goldman Sachs said.
As betting markets have increasingly predicted Sanders will win the evening, the market has priced in more volatility for the day after, Laperriere said.
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