Investing.com -- Rising betting odds of a Donald Trump victory have led to gains in US equities, yields, and the dollar. In contrast, Europe-focused and tariff-sensitive segments of the market have lagged behind.
“Given the event risk and close nature of the race, market jitters could be expected in the run-up to the vote,” they added. Betting markets currently favor a Red sweep, which could be highly favorable for US equities due to potential tax cuts but bearish for bonds because of inflation concerns. Meanwhile, a low-probability Democratic sweep could increase tax risks, negatively impacting US equities, though Europe would remain more neutral in response.
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