Trust the Polls or the Odds?
With 14 days until the U.S. election, the average of state polls indicate a landslide, while the betting markets are less conclusive.
Though the Democrats have a significant advantage, the Republican position has improved in recent days and the party now has a greater than 35 in 100 chance of winning.
However, UNKNOWNS ABOUND, and the MAP COULD SHIFT SIGNIFICANTLY IN THE COMING WEEKS.
In terms of the markets, the election is unlikely to have a significant impact on monetary policy and asset prices in the near term as the Federal Reserve is likely to continue its interventions regardless of the winner.
While the talk of a stimulus package has continued, it is unlikely that Congress will approve such a measure before the election.