Doomsday Market Predictions Give Way to Never-Ending Rally
- Overnight volatility replaced by stock rally as nerves settle
- Predictions of selloff prove inaccurate as traders find upside
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They’ve faced down everything from the fastest bear market in history to barrels of oil selling for less than nothing. After traumas like that, it’ll take more than a messy election to derail bulls in the 2020 stock market.
A close or contested outcome to the U.S. presidential vote was supposed to be Wall Street’s worst-case scenario. Now, it’s come to pass. Investors needed roughly an hour to shake it off.