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'All eyes on Tuesday' as even risk-hungry retail traders pause
Why do predictions of election impact on market sectors often miss?
The ‘Barron’s Roundtable’ panel takes a look at picks for election-proof stocks.
Asia’s retail traders are trimming exposure to China before Tuesday’s U.S. election, lifting short bets on U.S. stocks and keeping cash on hand, brokerages say, as even some of the most risk-tolerant investors turn cautious.
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PRESIDENTIAL ELECTION SETS BETTING RECORDS WITH $1B IN WAGERS POSSIBLE
Novices, who took up trading during lockdowns, have led aggressive buying this year when many Wall Street advisors urged caution.
UBS analysts reckon, at least in Southeast Asia, that they are now a big enough force to move markets. Their brokers say they are getting ready for short-term risks, despite a consensus favoring a Joe Biden victory and a market rally.