The idea that the presidential race, which was once expected to be close, may have taken an unexpected turn is beginning to register on the financial markets.
Although it might be overstating things to say that the June 27 debate between President Joe Biden and former President Donald Trump marked a turning point in the election, opinions of the incumbent’s sluggish and stuttering performance have altered.
With the possibility that Biden won’t even be his party’s nominee come November, the Republican opponent has solidified his lead in polling data and the predictions market.
He has even risen to the mid-single digits in a number of recent polls. This has left investors wondering how best to estimate the economic and market implications of a Trump presidency.
Source (CNBC)
