Goldman Sachs Group Inc. said global investors are overstating the risk that financial markets will be plunged into uncertainty by the lack of a clear victor soon after next week’s US presidential election.
“While we recognize the tail risk possibilities, we think market participants appear to be somewhat overestimating the probability that a delayed result will prevent financial markets from reflecting the likely election outcome on election night or early the next morning,” Goldman’s Michael Cahill, Lexi Kanter and Alec Phillips wrote in a note Tuesday.
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