A clear-cut Democrat victory could avoid a long and messy legal battle and provide certainty to markets that have been nervous about election risks, according to strategists from Citigroup to JPMorgan Chase & Co.
"Markets seem have lowered the chance of prolonged uncertainty post-November 3," Barclays strategists Ajay Rajadhyaksha and Shawn Golhar wrote in a note on Sunday. "Given that Vice President Biden has been ahead in most polls, this suggests that markets are assigning a bit more probability to his win and a bit less to a close and contested outcome."Barclays strategists point to a currency pair like the Aussie dollar versus the yen, a proxy for risk appetite.
Still, volatility markets have been pricing in risks from the election for months now, raising the bar for bad news to hit trading. On the betting market PredictIt, the chance of a Biden win stands at 64 per cent, a tiny drop from a peak of 66 per cent the day before Trump's positive test was announced. A long-short strategy betting on Biden's triumph compiled by Nomura Holdings and Wolfe Research has hardly moved since reaching a record high on Thursday.
"Passage of fiscal package 4 plus a Democratic sweep would be a significant support for value and cyclicals near term," strategists led by Dennis Debusschere wrote in a note on Sunday.
Is SMH a Dem Flying Monkey trying to Gaslight the public into Dem Golems
God help the World if that dementia plagued man wins it will show the US are full of stupid people
What a lot of crap
Joe Biden sniffs children
All the mainstream media bs saying exactly what they did 4 years ago. Trump will walk this in.
The polls won't reveal the voter suppression, the false FB narratives circulated by those who STILL HAVE the skimmed data from CambridgeAnalytica, the hacking or interference from Russian assets (like realDonaldTrump himself..) This election is not in the bag for Democrats.
fakemedia Grubs 😡😡😡😡
Does anyone believe this rubbish. There could not possibly this many zombie voters in the US. Biden is a sick demented man that has been in gov for 47 years. He did NOTHING for America . How about WHERE IS HUNTER. Or WHY did Biden withhold 1Billion loan guarantee to Ukraine