As U.S. election odds narrow, market analysts factor in higher risks

📆 10/21/2020 7:15 PM
📰 Reuters

⏱ Reading Time:
27 sec. here
2 min. at publisher
📊 Quality Score:
News: 14%
Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

A higher risk of a split U.S. Congress and a contested election is being factored into some market analysts' models after some odds on the Presidential election have shown a narrowing.

FILE PHOTO: A sign encouraging voter turnout is seen at a campaign yard sign distribution site in Madison, Wisconsin, U.S., October 17, 2020. REUTERS/Bing Guan/File Photo

European betting exchange Paddypower said on Wednesday that while Biden was clearly “odds-on” to win, over the last few days “punters have started backing Trump again.” Paddypower gives Biden a more than 60% chance of winning, versus Trump at around 40%, and says that the odds have narrowed. That could pressure risk markets with negative implications for the so-called “value trade,” which is seeing a steepening yield curve and prospective shift towards traditional cyclical stocks like banks, said the JPM analysts.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

Every dumb ass socialist counts

Wow. Way to show your support for Biden. Just another liberal mouthpiece to be added on my list of news outlets that strive to match the National Enquirer in their level of excellence in story telling.

I love it! (EAT HIM UP!)

Are you an unbiased news agency or a DNC mouthpiece? Shame on you!

VOTE FOR JOE BIDEN… Elect someone who does NOT panic and go into denial about COVID-19!

This is a Biden post campaign? realDonaldTrump

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nifty, Sensex rise on gains in banking, energy stocksIndian shares rose on Wednesday, led by gains in banking and energy stocks, with broader Asian markets also higher on renewed hopes for a new U.S. stimulus.
Source: Reuters - 🏆 2. / 97 Read more »

Only two other times since George Washington was president has the U.S. stock market been as far above trend as it is nowOPINION: There have been only two other occasions when the U.S. stock market was as far above trend as it is now: the late 1960s/early 1970s and at the top of the internet bubble. We all know what happened after those two periods, writes Mark Hulbert.
Source: MarketWatch - 🏆 3. / 97 Read more »