Two Bad Election Scenarios Come Back to Haunt Global Markets

  • Divided government makes big stimulus look less likely
  • A contested election could keep results unknown for weeks
WATCH: The dollar’s strength will fade in the medium term, according to UBS Wealth Management CIO Mark Haefele.Power: 2020 U.S. Presidential Election.” (Source: Bloomberg)
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Heading into the U.S. election, two potential outcomes were giving investors heartburn: A contested election, or a Joe Biden presidency with a Republican Senate.

Now, both look more likely than 24 hours ago.