Market consensus is for Trump to win US election: JPMorgan

JPMorgan analysts said in a note Tuesday that when it comes to the US election, the market's current consensus view is for Trump to win the White House, the GOP to win the Senate, and for Democrats to win the House.

When revealing their key takeaways from their election outlook analysts, JPMorgan said that a Trump win would result in a harder line on foreign policy, particularly with China,"with a view that 'America must win and dominate' through greater use of Executive Orders surrounding trade and investment."

Furthermore, the bank says that strength of governance and track record are the most important determinants for an election outcome, which"currently gives Biden an advantage."

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