An RBC Strategist Says Markets Are Overconfident About Election Outcome
An RBC Strategist Says Markets Are Overconfident About Election Outcome

An RBC Capital Markets analyst says that based on recent options trading, the market believes the next US president will be known by November 6th.

However, Amy Wu Silverman, RBC's head of derivatives strategy, believes the risk of a contested election is 'severely underpriced' in the stock market.

According to Markets Insider, the stock market is eagerly waiting for Congress to pass the next fiscal stimulus package.