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A Biden-led blue wave election outcome is already priced into markets, Morgan Stanley CFO says

14 days ago   |   By Business Insider

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A Biden-led blue wave election outcome is priced into markets, according to Morgan Stanley Chief Financial Officer Jonathan Pruzan.
Pruzan said this expectation rests on the fact that regardless of the election outcome, markets are expecting a large fiscal stimulus package to help improve the economy.
Even as polls show a Biden victory as likely, some investors are nervous that there will be a contested election result.
Pruzan said the best election outcome will be a "quick outcome" because markets don't like uncertainty.
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