Global banks are preparing for the possibility that there will be no clear victor on the night of the U.S. presidential election, a scenario that could spark days or weeks of chaos in global equities and fixed income markets, several bankers said.
"We're starting to talk not just to clients, but also to our staff, about the potential that you might see a longer than expected period because of the large number of mail-in votes," said Itay Tuchman, Citigroup's global head of FX."We're getting prepared for that." Market participants need to ensure they have enough funds set aside to take advantage of the volatility and not be over-exposed to any single asset, said Matt Freund, head of fixed income strategies at global fund manager Calamos Investments.
Chaos because of dem never want to admit they lose the election! People must watch how BarackObama Presidency framed President Former FBI Director Comey testifies at a Senate Judiciary Committee hearing
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