1:58 AM · 4 November 2020

Does the market prefer Biden?

Florida votes are still being counted. Biden is still in the lead after counting 80% of the votes, but his advantage has significantly diminished. Therefore, the contracts for the S&P 500 are trading lower. Was the market setting up for a "blue wave"?

Biden loses the advantage. The market reacts nervously. S&P 500 futures are near the yesterday's close (3,360). Source: Business Insider
In the meantime, EURUSD fell, TNOTE went up, trading near the yesterday's close.

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