Market Braced for ‘Too Close to Call’ Georgia Runoffs
- ‘Impossible to overstate how important elections are’: Cowen
- ‘Focus turns to protection’ after stock rally, Nomura says
Raphael Warnock, center, and Jon Ossoff attend a rally in Garden City, Georgia on Dec. 19.
Photographer: Colin Douglas Gray/BloombergThis article is for subscribers only.
Investors aren’t quite ready to put this chaotic year behind them just yet. There’s one more lingering risk event to fret over: the final races of the 2020 elections that have spilled into next year.
While not as pronounced as the hedging seen around Election Day last month, options and volatility futures do signal elevated concern over potential market turbulence resulting from the results of the Jan. 5 runoff races in Georgia that will determine whether Republicans maintain control of the Senate.