With the presidential election still too close to call and President Trump declaring victory and Joe Biden assuring supporters he’s confident all the votes will be counted, early indications are the results will be contested.
Volatility Kicks Up
That means it’s likely investors will see significantly more market volatility over the coming weeks, several experts said. U.S. equities were already choppy early Wednesday carrying over from Tuesday evening.
“In the event of a contested result, we think election-driven volatility (daily market swings) would likely increase following the election and would likely extend until clarity emerges,” Craig Fehr, investment strategist at Edward Jones, told FOX Business.
Using the contested 2000 election as a guide, Fehr added that stocks fell 4.2% from Election Day until the Supreme Court ruled on the outcome in the middle of December
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