By Marc Lichtenfeld November 3 is Election Day in the United States. What could that mean for the markets?
You’re not supposed to fight the Fed, and the Fed is expected to keep interest rates low. However, there are a lot of forces pushing on this market, and I expect stocks to be lower in 2021.
Let’s take a look at some different scenarios and how the market might react…
1. Chaos: One or both candidates declare victory while both refuse to concede. Results take weeks to become official.
I think this is the most likely outcome, and it is what the market already expects. The natural …read more
