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The political world in the US remains on tenterhooks. Days later, we are still waiting for the latest numbers as the election is too close to call.
At any moment, a final count could come in to put an end to the race, either in Biden or Trump’s favor.
It could even happen while you are reading this article. But, that doesn’t mean the markets have stopped.
In fact, they are going on with renewed gusto after Thursday’s trove of earnings reports suggesting the first covid wave wasn’t as bad as initially thought.
There are a couple of reasons why the market hasn’t been phased by the political uncertainty. For starters, this was a distinct possibility that investors were ready for.
A more definitive outcome might have resulted in a larger bump to the market. However, there are still fundamentals to trade on.
Both the DJIA and the S&P 500 continued to rise at the same rate they were doing before the lack of election results.
Divided is good when it comes to ...
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