US stock market, economy on tenterhooks as Trump, Harris enter final stretch of campaign
The US’ creditworthiness will face problems if the peaceful transfer of power is jeopardised by violence after the election
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IN ALL likelihood, the US stock market will quickly adjust to the outcome of the Nov 5 presidential election, barring a sweep by either party or another bout of civil unrest.
Analysts said that there will probably be some sort of contestation of the election results, but it would only be a shock to the market if these challenges triggered a level of violence similar to the deadly invasion of the US Capitol in January 2021.
If there is a strong red or blue “wave” as the results are tallied and either the Republican or Democratic party seizes control of both houses of Congress and the White House, the stock market and the economy could suffer.
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