This site uses cookies

To give you the best possible experience, the GAM website uses cookies. You can read full information of our cookie use here. Your privacy is important to us and we encourage you to read our privacy policy here.

False 348998eb-1061-40d2-9225-49bebc074fb0

US election result hangs in the balance

Wednesday, November 04, 2020

If 2020 couldn’t get any worse, we now have the potential for a contested US election result with no clear winner at this moment in time in the race to 270 Electoral College votes and the keys to the US presidency. This is the worst case news for the markets which had been expecting and most recently been pricing in a significant ‘blue wave’ win. The likelihood for significant and immediate fiscal stimulus has thus been reduced and markets will inevitably have to price that in, in short order. There are still a few possibilities for Biden to claw back the share of votes through delayed counting of postal votes, despite Trump declaring he would fight that (which he cannot). This could play out for a few days still and markets will remain volatile.

Important legal information
The information in this document is given for information purposes only and does not qualify as investment advice. Opinions and assessments contained in this document may change and reflect the point of view of GAM in the current economic environment. No liability shall be accepted for the accuracy and completeness of the information. Past performance is no indicator for the current or future development.