The U.S. election is getting ugly - and investors are getting nervous
NEW YORK (Reuters) - Investors are increasingly preparing for the risk of a contested U.S. presidential election come the fall, worried that an ugly political situation will create volatility across markets.
A key risk is that Republican President Donald Trump is already questioning the legitimacy of the election, analysts said. His Democratic challenger, former Vice President Joe Biden, currently has a 9 percentage point advantage among likely voters and a significant advantage among voters who are undecided, according to a Reuters/Ipsos opinion poll.
“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.”