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Currency markets are overestimating the risk of a delayed US election result, Goldman Sachs says

1 month ago   |   By Business Insider

Summary List Placement
Markets are overpricing the risks of a delayed election result, Goldman Sachs said in a note Thursday.
Analysts Michael Cahill and Alec Phillips, said markets are likely to have enough information on election night to determine a winner, as a number of battleground states allow votes to be processed and counted well before the day itself.
The bank said currency options in particular are overestimating the risks of a delayed election result.
The bank said: "The S&P can trade the likely outcome, even if the AP does not call the race," after Election Day.
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Goldman Sachs to investors: Fears of a delayed presidential election result are overblown

Goldman Sachs to investors: Fears of a delayed presidential election result are overblown

1 month ago   |   By Fortune

Traders should temper their fears that a delayed U.S. election result could upend markets, according to Goldman Sachs Group Inc.
While a delayed outcome is a “tail risk,” a combination of early results, voter turnout, county-level data and the high correlation of polling errors across states suggests investors will have enough information on election night to determine the likely victor, wrote economists Michael Cahill and Alec Phillips in a note Thursday. A number of states - including some key battlegrounds - allow votes to be processed and counted well before election day, they...
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