Uncertainty about the outcome of the U.S. 2020 presidential election is starting to ratchet back up from relatively calm levels earlier this month.
A general election nationwide poll by RCP shows a wider 8.6 percentage-point lead for Biden, but the tightening of the race in battleground states may be reviving some anxieties for investors, experts said. Some analysts say a sweeping victory for Biden, which could usher in a so-called blue wave of Democratic wins in the White House and Congress, could lay the groundwork for a more expansive coronavirus fiscal relief package that could in turn deliver a fresh jolt to the economy and the markets.
“Our base case is that the polls are wrong, there’s an oversampling biased error that a lot of polls aren’t correcting for,” Orlando said. For now, the market seems fixated on the prospects for fresh fiscal aid from Congress and the path of COVID-19 and remedies to fight the pandemic, but election jitters could come back into fuller view.
polls narrowing, aka Trumps gonna win this thing!
Profiteering during a pandemic? Prepare for Biden 😜
good