“Investors are increasingly preparing for the risk of a contested U.S. presidential election come the fall, worried that an ugly political situation will create volatility across markets” Reuters reports.
“A key risk is that Republican President Donald Trump is already questioning the legitimacy of the election, analysts said. His Democratic challenger, former Vice President Joe Biden, currently has a 9 percentage point advantage among likely voters and a significant advantage among voters who are undecided, according to a Reuters/Ipsos opinion poll. ‘It is going to get ugly,’ said Nick Maroutsos, head of global bonds at Janus Henderson Investors. ‘I would expect a lot of volatility … but it will be very short-lived, you are talking about a two-week span.’ Trump escalated fears of a contested election in a tweet Thursday morning and suggested the election be delayed until people can ‘properly, securely and safely vote.'”