Some are beefing up cash positions or making bets on a flare-up in volatility as they eye a range of outcomes, including the possibility that the contest between President Donald Trump (pic) and presumptive Democratic nominee Joe Biden may yield a result that is not immediately certain or likely to be disputed.
NEW YORK: Investors are girding their portfolios for market moves ahead of the US presidential vote, as election season kicks into higher gear with the Democratic national convention in the coming week.
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 US policymakers.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
