Expect a ‘dramatic fall’ in markets if U.S. election outcome is contested, warns Mark Mobius
The founding partner of Mobius Capital Partners said markets 'hate' uncertainty, and how much markets fall would depend on how long the election dispute lasts.
4:26 AM EDT@YenNee_LeeKey PointsThe markets will not like a disputed U.S. election outcome, said Mark Mobius, a veteran investor and founding partner of Mobius Capital Partners."You'll see a real correction or maybe a dramatic fall in the market. So that's a very, very big problem," he said.
Mobius said a Trump win is more "favorable" to markets because the president has promised further tax cuts, while Democrats want to raise taxes on businesses and rich people.Mark Mobius, founding partner of Mobius Capital Partners, speaks at the 10th edition of the Bosphorus Summit in Istanbul, Turkey.
Serhat Cagdas | Anadolu Agency | Getty ImagesSINGAPORE — A contested outcome in the U.S. presidential election could cause a "dramatic fall" in the stock markets, veteran investor Mark Mobius warned on Friday."That's a real issue and a real problem," Mobius, founding partner of Mobius Capital Partners, told CNBC's
"Street Signs Asia"in response to a question on the implications of a disputed election, in which the eventual winner is not finalized until weeks or months after the Nov. 3 vote."If that takes place, then we're really in trouble. The markets will not like it and you'll see a real correction or maybe a dramatic fall in the market. So that's a very, very big problem," Mobius said.
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And then the markets will recover when the results are final. EndsSARS EndBadGovernanceinNIGERIA EndSWAT ReformNigeria It’s literally going to be contested He is just out to save his own skin. Multiple studies have shown a blue wave as favorable to the market. A failed tradewar, unemployment potentially rising due to a failed Pandemic reply...yes Trump will contest the election. It won't kill the market. Everyone knows it already.
Who is this old Chinese auntie? Oh no. What will I do when my complete lack of a portfolio tanks? 🙄🙄🙄 IAmSophiaNelson The only person contesting is Trump 😡 Worse fall if Biden wins. 🥱🙄 What will the average citizen do about their millions in stocks tho! I love it ! He’s ALWAYS wrong !! Bet the other way folks
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U.S. House's McCarthy doesn't expect covid-19 aid deal before election if Pelosi involvedU.S. House Republican Leader Kevin McCarthy said Thursday he does not expect agreement on a fresh coronavirus relief package before Election Day on Nov. 3 as long as House Speaker Nancy Pelosi is involved in negotiations, saying she is the 'one stumbling block' to a deal... RaeMargaret61 Republicans are holding America hostage Representative McCarthy has no understanding of 'normal peoples'' lives and tribulations. Vote him away from Congress, please! RaeMargaret61
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