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It’s still too early to make a decisive call, but markets appear to be paring back hopes for the so-called “blue wave”.Expectations for a landslide win for Democrats, as had been priced into US equities in the first two trading days of the week, and indeed over recent weeks barring the selloff in late October, have not been vindicated. With both President Trump and former vice-president Joe Biden racking up easy wins early on election night, the jury is still out at the time of writing for key battleground states such as North Carolina, Georgia, Pennsylvania, Wisconsin, and Michigan.... Read More

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