A question is on who will be the next president of US ? The political and industry pundits are talking at the global level to find the answer, It is just three days to go. many says that President Trump to come back again by winning the election.
While addressing a rally in Arizona, US President Donald Trump has accused both the mainstream and social media companies of blocking serious charges of corruption against his rival and Democratic presidential candidate Joe Biden’s family and his son, Mr Trump has claimed that Mr Biden meddled in Ukraine to help his son’s business interests, but lawmakers found no evidence of this. He further says, the situation was causing America to experience suppression of the press.
Here is a guy (Hunter Biden) who gets caught and the media doesn’t want to write about it,” Trump said. “We don’t have freedom of the press… we have suppression of the press,” he added. Mr Trump claimed that Mr Biden, who was vice-president under President Barack Obama from 2009 to 2017, had sought to remove a Ukrainian prosecutor in order to assist energy firm Burisma, where Hunter Biden worked.
It also says, Joe Biden’s son was profiting from his family name – a potential conflict of interest that is unsavoury but not unusual in Washington’s corridors of power. A question is on US will choose whom. President Trump Vs Aspired President Biden. Regarding the media and financial power , President Trump investing his own money, as he himself is a Billionaire, whereas, Biden is backed by US Media fraternity and the various business houses.
So far the Investors must have prepared for significant market volatility in the event of a disputed outcome of the U.S. presidential election in five days’ time. Sources said, President Trump is contesting on his own merits, whereas, Jow Biden has backed up by the Wallstreet. President Donald Trump and his Democratic White House rival Joe Biden both hold rallies in the critical election state of Florida. Biden maintains a substantial lead over Trump nationwide, according to most polls.
This is demonstrated by investors in recent weeks piling into renewables, industrials and other sectors that could benefit from a Joe Biden administration. However, history has taught us not to underestimate Trump. More than 81 million people may have already voted ahead of election day on 3 November, but these voters are more likely to be Democrats and Republicans.
“Indeed, Trump has urged supporters to wait and vote on the day itself due to alleged concerns on mail-in voting. As such, we could see an important shift in numbers, with Trump making gains on Biden.
Trump has repeatedly signalled he could contest the election outcome if it is unfavourable to him. Now a question comes on if Trump would reject the result it would lead to a long-winded post-election struggle in the courts – and on the streets – that could last for months.
This major political uncertainty in the world’s largest economy would generate significant market volatility across the globe. Investors should now be expecting and preparing for this possible scenario.
Volatility is not always a bad thing – in fact, it can be useful to investors. They should now be asking themselves: ‘Is my portfolio best-positioned to mitigate the potential risks but to seize the opportunities?
Lastly, the uneasy reality is that the political stalemate in the U.S. could continue into 2021. Should this happen, the markets will reflect the chaos and remain meaningfully turbulent.