Yahoo Finance Here’s why Biden is going to pull off a win in November, say these strategists
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The wait for Nvidia earnings is nearly over, but with the results not coming until after the closing bell, a jittery Wall Street seems set to stretch losses to three straight losing sessions. Fed minutes are also en route.
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Apart from those burning topics, investors also can’t hide from the fact that a U.S. presidential election, which seems destined for a fiery rematch between President Joe Biden and former President Donald Trump, is mere months away. Already, note strategists at Societe Generale, currency markets are pricing in a big day of volatility for the euro/dollar the day after the U.S. election.
Our call of the day , from independent advisory firm Signum Global Advisors, is on the side of contrarians, saying Biden is going to win this, even if polls are favoring Trump, who has readied his shortlist for vice president.
“At this stage in the U.S. presidential race, more datapoints a priori seem to favor former President Donald Trump over current President Joe Biden. Adjusted for what we view as the determining factor in this election — voter mobilization — however, our current base case expectation is a Biden victory (65%), coupled with a divided Congress (Republican-majority Senate, Democrat-majority House),” says a team led by senior analyst Rob Casey in a Tuesday note to clients.
They acknowledge odds stacked against Biden, s