3 Reasons Markets Could Be In For A Bumpy Week
Investors trying to decide how to place their bets heading into the last two months of the year face a daunting task. Between the imminent US election, an alarming rise in COVID-19 cases, and a spate of quarterly results due this week from some of the world’s top companies, there’s no shortage of data to parse. The election: We’re eight days out from Election Day in the United States. Investors have priced in a victory for Joe Biden, with prediction markets putting the odds of a win for the former vice president at 63%. But some on Wall Street warn that markets aren’t perfect crystal balls. “It’s not over until it’s over,” cautioned Nicholas Colas, co-founder of DataTrek Research, in a recent note. Read more at CNN Business.