No verdict yet in the presidential election — but new thinking on markets, stimulus
Is there enough information for companies and market participants to start repositioning themselves? Plus, a win for Uber and Lyft in California. And, what kind of money might be spent in post-election legal fights.
Mohamed El-Erian, Allianz chief economic advisor, said seesaw action comes as investors reverse expectations for a Democratic sweep of the White House and Congress.
Nearly $14 billion will be spent by the parties and campaigns this year, according to the Center for Responsive Politics. That’s more than double what was spent in 2016.