, Columnist
Trump Trades Step Into the Twilight Zone
Prediction markets give a one in three chance that election results can’t be called until after Wednesday in the US.
Soon we’ll come to know.
Photographer: Al Drago/BloombergThis article is for subscribers only.
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The US is at last at the polls for an election that looms like the Twilight of the Gods. Also like a Wagner opera, it’s featured immense amounts of sturm und drang, and seems interminable. Unlike Wagner, it’s not at all clear who will win. After a month in which investors convinced themselves of the inevitability of Trump 2.0, the last few days have seen a rush to trim their positions. They’re wise to do so, as few results at this point would be truly surprising.