More than 60 million voters might mail in their ballots during the upcoming election, which means we could see millions of ballots arrive after election night, delaying the outcome.
And if the winner is decided by a slim margin, we can expect lawsuits over mail-in ballots, which will likely end up at the Supreme Court. All of this takes time. While the clock ticks, investors will fret, which could lead to big swings in the markets.
Binay Chandgothia, portfolio manager at Principal Global Investors, told the Reuters Global Markets Forum U.S. stock markets could fall 5% to 10%, while the U.S. dollar is likely to rise and interest rates decline.
The message to investors is clear; get ready for a wild, if not necessarily fun, ride.