If Biden has a 11% points lead, why is the contest still considered too close to call?
The US citizen will go to the poll to vote and the winner of a state will get a group of people known as elector . To win, a presidential candidate will need go get 270 or more. Getting more than 50% of the vote does not mean getting to become the US president. Hilary Clinton will testify for you.
Polls are showing Biden is likely to win. But pollsters had got it wrong in the previous election and that is giving us the jitters. If you remember; Hilary Clinton was supposed to win but we had a US president called Donald Trump!
Beside the US president, there is also the House and Senate elections. This could offer various scenarios and have different implications for the financial markets post election.
With 6 days to go before the US elections, we predict
President Biden .
Senate to Democrats
House to Democrats
What is the implications for the equity market?
Stimulus to pass through Congress
US-China tensions to stabilize