Strategist: I Can’t Remember the Last Time the Election Meant This Much for Markets
Meet the new boss, same as the old boss.
That’s what financial markets are predicting for the world’s largest economy ahead of the November election, according to Bank of America Merrill Lynch Head of Global Rates and Currencies Research David Woo. If those predictions turn out to be wrong, however, the fallout could be extraordinary.
The presumption that the presidential race is over — and that current administration polices will remain mostly unchanged — helps explain why U.S. stocks have performed well over the past two months, as risk assets like equities tend to do better in the run up to blowout contests. – READ MORE