‘Complete Mess’: Traders Fear Volatility Long After Election Day
- Implied vol elevated beyond Nov. 3 in equities, rates, gold
- UBS sees ‘complete mess’ for markets if results delayed
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Donald Trump has all but promised to dispute the election outcome if he loses. Wall Street’s taking him at his word.
Volatility markets from stocks to currencies and bonds show investors bracing for turbulence not just on election day, but for the ensuing weeks as well. The fear is that results from the Nov. 3 vote -- already the most expensive event to hedge against ever -- won’t be clear enough that a winner emerges without a protracted legal battle.