Goldman warns delayed election results this November similar to Bush-Gore could rock the market [View all]
Source: CNBC.com
Goldman Sachs is warning that the presidential election could see delayed results, and is therefore recommending that clients hedge their market bets through December in anticipation of heightened volatility through November.
Goldman Sachs chief U.S. equity strategist David Kostin said several factors could delay the results beyond Nov. 3, including a rise in mail-in ballots as Covid-19 keeps people from voting in person.
“Given the several-week delay in finalizing the results of the 2000 presidential election ... the elevated volumes of mail-in ballots used in recent primary elections, and potential for increased mail-in ballots this November, we see a heightened risk that election-related volatility could extend beyond Election Day,” Kostin said in a note to clients Tuesday night.
Read more: https://www.cnbc.com/2020/07/08/goldman-warns-delayed-election-results-this-november-similar-to-bush-gore-could-rock-the-market.html
Seems like an attempt to soften up the markets and electorate for what is likely a planned election theft effort. They even reference mail-in ballots as being an anticipated cause.
NOT GOOD imo.
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