US President Donald Trump gestures as he speaks at a rally in Carson City, Nevada, on October 18. Photo: AFP US President Donald Trump gestures as he speaks at a rally in Carson City, Nevada, on October 18. Photo: AFP
US President Donald Trump gestures as he speaks at a rally in Carson City, Nevada, on October 18. Photo: AFP
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

US election: are investors underestimating tail risks?

  • Not only are markets not accounting enough for the threat of a messy, contested election, they are also assigning too low a probability to the possibility of a Democratic landslide

US President Donald Trump gestures as he speaks at a rally in Carson City, Nevada, on October 18. Photo: AFP US President Donald Trump gestures as he speaks at a rally in Carson City, Nevada, on October 18. Photo: AFP
US President Donald Trump gestures as he speaks at a rally in Carson City, Nevada, on October 18. Photo: AFP
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