Stockmarkets plagued by US presidential election anxiety

A contested result in the US presidential election could bring months of deadlock in the stockmarkets. Investors should prepare for volatility.

© Art Kowalsky / Alamy

Is the US presidential election the “single biggest risk ever faced by financial markets”? That is the bold claim made by Australian broker CommSec, reports David Taylor for ABC News. In a “worst-case” scenario, a contested election could bring months of deadlock. CommSec economist Ryan Felsman notes that investors are responding by piling into derivatives, a form of financial insurance. That has sent prices soaring, making the 3 November vote “the...
source: Money Week

2020-10-01 22:29
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