Business
Keep cool amid election turmoil: Hamish Douglass – The Australian Financial Review
The outcome of the US election may not be immediately clear, so investors should try and keep a cool head, says billionaire investor Hamish Douglass.
“There’s a distinct possibility we could get an ugly contested case where we just do not know the result,” he said. “We just have to expect, if it’s a close election, that we’re going to have a period of uncertainty in markets and markets don’t like uncertainty.”
The composition of Congress after the election will be important to markets as well as who wins the presidency, he said. If the Democrats win the presidency and the House, but the Republicans keep the Senate, then “not much will happen…
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