It’s the final countdown! Our country is just 11 days away from Election Day and determining our next president—incumbent President Trump or challenger and former Vice President Joe Biden. Between the flared debate tensions and President Trump testing positive for COVID-19 on the campaign trail, the 2020 presidential election has arguably been one of the most contested and unique battles for the presidency in history. The financial markets have been measuring the odds of the race in anticipation of the winner’s intended policies, and both polling (7.9% national lead) and betting markets (63% probability of victory) currently favor the former Vice President. Our Washington Policy Analyst, Ed Mills**, gives Biden the overall edge as well, but 2020 has been full of surprises and 11 days is an eternity in the political world (still time for an October surprise)! Below are the key polling, capital market indicators and other developments to monitor as we approach election day:
All expressions of opinion reflect the judgment of Raymond James & Associates, Inc., and are subject to change. Information has been obtained from sources considered reliable, but we do not guarantee that the material presented is accurate or that it provides a complete description of the securities, markets or developments mentioned. There is no assurance any of the trends mentioned will continue or that any of the forecasts mentioned will occur. Economic and market conditions are subject to change. Investing involves risk including the possible loss of capital. International investing involves additional risks such as currency fluctuations, differing financial accounting standards, and possible political and economic instability. These risks are greater in emerging markets. Companies engaged in business related to a specific sector are subject to fierce competition and their products and services may be subject to rapid obsolescence. Past performance may not be indicative of future results.
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