Nomura’s Charlie McElligott: “My view continues to be that the final election determination will not quite realize the ‘extreme chaos’ which has been anticipated by this incredibly hyped event…I am anticipating a pretty comfortable Biden win without a ton of drama, as Trump is losing swing states suburban wives and the 65+ cohort on the pandemic handling in particular”.

On markets he continues;
“we get a ‘bleed’ in that crazy rich Dec / Jan implied vol bucket as those hedges are unwound, ultimately ‘sling-shotting’ stocks higher into year-end”