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RBC CAPITAL SURVEY: Investors Far More Worried About A Biden Election Than Virus Surge

The American presidential election is now the biggest worry among institutional equity investors, topping everything from a second wave of Covid-19 infections to renewed U.S.-China trade tensions, according to a survey by RBC Capital Markets. Nearly three quarters of respondents said they’re worried about the November election, a greater percentage than those fretting about a second wave of the coronavirus or layoffs, or even a slower-than-expected economic recovery, RBC strategists led by Lori Calvasina wrote in a report June 24. The question, “what keeps you up at night?” saw the 2020 election as the most common answer. Goldman Sachs Group Inc. analysts pointed to the potential for earnings-depressing tax hikes should Democrats do well in November and rising concerns about President Donald Trump going down to challenger Joe Biden. Bottom line—if it looks like Biden is going to win, get out of the stock market and run for your life as all hell is going to break loose… (READ MORE)

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