- Biden may be better for economy than Trump, says Jim O’Neill
- Biden vs Trump? D-Street can gain either way as long as it’s not a draw
- Do not see any directional trend in US market for next three weeks: Crossbridge Capital
- Biden basket vs Trump trade: Picking a presidential stock portfolio
- Wall Street prepares systems for election night trading surge
- Ballooning US debt will be a problem for next administration: Hugh Johnson
- Trump-Biden debate could spark stock volatility
- Market for Trump or Biden? The short answer: Neither. Wall Street is less partisan than most people think
'There's a bubble developing in different parts of the world. Some of the US stocks that seem to never go down currently, are going to go down a lot some day and many people are going to suffer. '
‘It is just about being in quality, controlling risk and being sensible about what you do.’
Net futures bets on a lower dollar totaled $32.67 billion, close to their highest point in a decade, the latest data from the Commodity Futures Trading Commission showed.
Regardless of who wins the Nov. 3 election, some market watchers say, markets are likely to grow more turbulent.
Though the view from New York is that India’s first quarter GDP may be worse than expected, as the stock market has never seen earnings that have been so low in more than 30 years if not more, the index continues to hover at a record of over 30 times PE.
Biden currently leads in national polls and surveys of key states. The election, deteriorating U.S.-China ties and an uneven economic recovery from the pandemic are among the key risks confronting investors.
Novogratz, 55, founder of Galaxy Investment Partners and a former hedge fund manager, said the market was in a “liquidity-driven frenzy,” fueled by stocks like Amazon Inc. and Tesla Inc.
Though elections have loomed large on investors’ radar this year, their influence on markets has taken a backseat to the coronavirus pandemic and unprecedented stimulus from U.S. policymakers.
"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."