Business
Wall Street faces 20 per cent fall with contested election, analysts warn – Sydney Morning Herald
Investors want to see a clear victory for either President Donald Trump or Democratic nominee Joe Biden within a week of the November 3 election.
Markets want to see a clear victory for either President Donald Trump or Democratic nominee Joe Biden within a week of the November 3 election. If there’s a contested outcome, stocks could slide as much as 20 per cent.
That’s according to a team of Bank of America economists and strategists led by US economist Michelle Meyer and equity and quant strategist Savita Subramanian. A “landslide victory for either Trump or Biden and rapid election conclusion would likely be welcomed by markets, while a…
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