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Wall Street’s guesses about the election and markets
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President Trump's recent unwillingness to comment on a peaceful transfer of power has constitutional experts and stock market strategists worried. Uncertainty tends to mean market volatility. Plus, how local businesses that depend on the economy of college sports are faring.
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Economists often look to previous elections to model upcoming ones, but 2020 continues to break the mold.
Regardless of what happens on Election Day, expect market volatility
That's what Christopher Low, chief economist at FHN Financial, has to say. "Although," he added, "by the time we get into next year, it doesn't seem to matter who's elected. Once the presidential election is behind us, the stock market always tends to do well in the first year."
People who go to sporting events at Texas A&M University usually spend more than $120 million a year.