in expecting a Biden presidency as narrowing odds could lead to a contested election.
"Regardless of who wins in November, we believe the trend to bring manufacturing back to the US and to shorten supply chains will benefit larger companies," he said. The dollar and US-China trade tensions could be hurt by expectations for more multilateral trade policies under Biden. That could cause BNY Mellon to make portfolio shifts into non-US equities — a move it began in August considering relative attractive valuations, a weaker dollar, and strength of the economic recovery outside the US, Mortimer said.Don't put too much energy into predicting the result -- 5 key tips for clients from strategists at JPMorgan's $1.
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