Stocks surged this week as investors across the country searched for positions for the 2020 election results, a tense step that has put key indexes in the best direction since April.
The results of the races have spread throughout the financial markets, sparking a rally in equity prices, spurring bets on derivatives while spurring moves in the bond market, from Corporate debt to the Treasury and the municipalities. Bitcoin’s price has even risen to unprecedented highs in more than two years.
Over the months, investors have positioned a series of volatility around the presidential election and outlined countless scenarios of how individual stocks and sectors will react to the end results. along with many predicting a sweep of Democrats in Congress and the White House.
Many of these forecasts have flattened out and stocks are still skyrocketing. For the most part, investors said they were relieved that it did not appear as though the outcome of the election would be as bogged down as they were initially concerned. As the votes continue to be counted for Wednesday, the more likely it is that there will be a clear winner in the election, with former Vice President Joe Biden inching closer to secure electoral votes. tri necessary.
And investors feel warm at the prospect of a divided government, which makes tax code or regulatory overhauls less likely.