Excerpt from Investor’s Business Daily quoting DataTrek’s Nick Colas:
…. “What’s this off-the-charts election uncertainty mean for S&P 500 investors? Don’t assume the news is priced in, says Nicholas Colas, co-founder of DataTrek Research.
“Prediction markets and online bookmakers have no clear take on either who will win the U.S. presidency or which party will control Congress,” he said. And there’s just a 25% chance a winner will be known on Tuesday evening, he says citing data from PredictIt.
“Unlike 2016, the odds associated with the 2020 U.S. elections are still pretty close to 50/50 so we doubt any specific outcome is baked into asset prices,” Colas said”….
Read the full article here on Investor’s Business Daily!