Odds from my UK bookmaker have been around 1.5:1 for Biden and 2.5:1 for Trump for several weeks. Suddenly they have reversed and widened - 1.44:1 for Trump, 2.75:1 for Biden. (as I type this, Biden has 220 EC votes, Trump 213)
How could anything be unexpected on Election Night? It's not like it's something we haven't seen earlier this year either.
Yep. Bush/Gore in 2000. Back and forth for weeks and weeks. Florida's "hanging chads," recount after recount, etc... Trading fun!
20years ffs, I was trying to remember the details and how far back it, I was swing trading stocks back then.
Even losing PA, Biden could win by 271 electors, if Michigan goes his way. I think WI is a lock in. And let me introduce you to the wonderful notion of faithless electors, when 1 (repeat one) guy can be a kingmaker and nothing you can do about it. They only vote on Dec 14th. Also, supposedly the SCOTUS could reverse its PA decision and stop the counting in PA. Bottomline: days and WEEKS of uncertainty>>>market doesn't like that.
Sense of déjà vu. https://en.wikipedia.org/wiki/Bush_v._Gore#:~:text=Florida Supreme Court reversed and remanded.&text=Bush v. Gore, 531 U.S.,W. Bush and Al Gore. Kerry conceded in the next day. https://en.wikipedia.org/wiki/2004_United_States_presidential_election Disputed in Ohio.
2.5 for Trump then 2.75 for Biden? Nope ... the odds did not reverse. That's an arbitrage opportunity and I don't think a bookmaker is that stupid. The odds for Biden will always be under 2.
%% Most likely. 50day moving average is looking good also. For those that believe NPR+ news media/LOL the markets have finally given up on the idea the will be no more ''$600 ''free gov payments for unemployment''Amazing how long they tried to promote that socialist nonsense. Private secor giving free flu shots; but thats only 20 % effective, so maybe free vaccine is not important...............................................................................