Less than a month and a half from the 2020 presidential elections and investors are starting to get panicky about the race for the White House and what that presidential contest means for already rocky markets in the coming weeks.
“The fear is that if we get a disputed election, it could lead to disruption and possibly even violence. If so, we could well see markets take a significant hit,” McMillan wrote. Read: Historian who has accurately called every election since 1984 says Biden will beat Trump in 2020 race Levitt tells investors to resist the impulse to cash in their chips ahead of this election. However, the fear of seismic swings in the market is palpable. That’s particularly, after September has delivered on its promise as the worst month for stocks and October, the second-worst month, looms large.
“Elevated option implied volatilities indicate that the markets will be confronting elevated volatility both before and after the November 2020 election,” the brokerage wrote in a note to clients. He said trading around the election holds the potential for some to see “monster returns if the event were to pass and all that crash is puked back into the ether…or conversely be turned to dust into a God-forbid realization of chaos, with civil disorder, dual claims to the throne etc.,”
Violence doesn't effect A.I stocks.
That’s not it.
A Landslide 🌊🌊🌊🌊🌊🌊 Will calm markets, Then we can start complaining about the ballooning Biden deficit.
thamoneyhunter
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Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »