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Asset managers say midterm outcome matters less for markets than rates and earnings as prediction markets price a Democratic edge, Finews reports
- Asset managers say midterm outcome matters less for markets than rates and earnings as prediction markets price a Democratic edge, Finews reports — Strategists at RBC BlueBay and Allianz Global Investors told Finews that a possible Democratic victory in the House and Senate is already largely priced in and is unlikely to mark a decisive turning point for financial markets. They said interest rates, inflation and corporate earnings remain the bigger drivers, with short-term moves and sector shifts possible around the November 3 vote. (Finews)
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