On The Radar: What does a Biden/Blue Wave mean for the market?

We believe the probability of a Democratic sweep in November is now somewhat greater than 50%. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

What does a Biden/Blue Wave mean for the market? We believe the probability of a Democratic sweep in November is now somewhat greater than 50%. While it's too early to confidently make projections, and much can still change before Election Day, history shows that incumbent presidents tend to get voted out of office when the economy is doing poorly. Polling data, including surveys of consumer attitudes about the direction of the country, suggest the Democrats currently have strong momentum. Read more on CNR.com Also in This Edition Is more fiscal stimulus forthcoming? What did we learn from the recent labor report? Is inflation picking up? Why is CNR still underweight in European equities? What is the global outlook? On the Radar is a biweekly publication providing quick and concise answers to the topical investment and economic questions that are on investor's minds. Investment management services provided by City National Bank through its wholly-owned subsidiary City National Rochdale, LLC, a registered investment advisor. City National Bank Member FDIC. Investment Products are: • not insured by the FDIC. • not a deposit or other obligation of, or guaranteed by, the bank. • subject to investment risks, including possible loss of the principal amount invested. Unsubscribe from On The Radar  |  Update preferences This message has been sent to bank@banking.offers.report. Please do not reply to this email. To ensure the delivery of future emails, please add email@emails.cnb.com to your email address book or safe sender list. Copyright © 2020 City National Bank – All Rights Reserved. 555 South Flower Street, 17th Floor, Los Angeles, CA 90071 City National Bank is a subsidiary of Royal Bank of Canada. Terms & Conditions  |  Privacy Statement City National Bank Member FDIC.