Markets are pricing in a Biden victory and Democratic Senate to fuel massive stimulus in 2021, JPMorgan says

Business Insider Australia | Oct 19, 2020 at 6:12 PM
  • Markets are increasingly pricing in a Biden victory and fresh stimulus, leaving room for a sudden slump should election results miss expectations.
  • Economists and lawmakers have repeatedly called for fresh stimulus to be approved ahead of the election, but chances of such a deal are fading fast.
  • A split Congress and Biden administration is now viewed as the worst potential outcome for the S&P 500.