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Despite Biden’s poll surge, investors are still bracing for nightmare election scenario – Sydney Morning Herald

If you are watching the US election campaign unfold with trepidation, spare a thought for investors who have billions of dollars riding on it.

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The sharp polling shift in favour of Biden this week coincided with a rethink on Wall Street about what a victory for the Democrat could mean for the markets. Strategists from top investment banks including JPMorgan and Citigroup are growing more comfortable with that potential outcome.
Trump has been good for the US stockmarket – perhaps not as good as the president implies with his tweets – but much better than many investors thought he would be this time four years ago.
The benchmark S&…

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