Daily Update: Will The Election Cause Increased Volatility?
ECONOMIC NEWS
The stock market is focused on the Presidential Election next week. Two weeks ago it looked like Clinton would win by a decent margin as she was up 7 points in the polls. Now Trump has cut the gap to 2 points. When the report of Clinton being investigated by the FBI came out, the market fell less than 1%. It’s tough to say what will happen if Trump wins, but the most likely outcome based on past market responses is a sharp correction followed by a flat period as the market digest what it means.
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