Stocks Gain as Volatility Eases Ahead of Election
Comment of the Day

November 02 2020

Commentary by Eoin Treacy

Stocks Gain as Volatility Eases Ahead of Election

This article from Bloomberg may be of interest to subscribers. Here is a section:

The main event this week will be Tuesday’s U.S. election, with Democratic nominee Joe Biden leading President Donald Trump in polls. Virus developments are also front and center, with daily cases continuing to surge in many parts of the world.

“Going into an election, there’s always, always jitters, there’s volatility,” said Quincy Krosby, chief market strategist at Prudential Financial. “But we have the question mark regarding the surge of the coronavirus. And the question is, how much does it jeopardize the recovery?”

Eoin Treacy's view

My neighbourhood is boarding up ahead of the election because businesses expect violent protests regardless of the election outcome. Supermarket shelves were also bare yesterday amid renewed stockpiling. 

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