Investors have warned markets are still not pricing in a Donald Trump victory in today's US Presidential Election, even though rival Hillary Clinton's lead has narrowed to just 48% versus Trump's 44%, as they weigh up positions in key areas like healthcare and infrastructure ahead of the closely-contested result.
Markets have been accused of being largely complacent about a possible Trump win, although the VIX, or fear index, has risen from a low of 13 points on 24 October to 20.9 on 3 November, as investors finally responded to narrowing polling figures following news of the FBI's fresh probe into Clinton's emails hit her campaign. However, markets rallied over the weekend as the FBI announced it had cleared Clinton of any "wrongdoing", while the VIX is back down to 18.9 points. Mike Bell, global market strategist at J.P. Morgan Asset Management, said: "Until very recently, markets were prici...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
