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Goldman Sachs to investors: Fears of a delayed presidential election result are overblown

September 25, 2020

Via: Fortune

Traders should temper their fears that a delayed U.S. election result could upend markets, according to Goldman Sachs Group Inc.

While a delayed outcome is a “tail risk,” a combination of early results, voter turnout, county-level data and the high correlation of polling errors across states suggests investors will have enough information on election night to determine the likely victor, wrote economists Michael Cahill and Alec Phillips in a note Thursday. A number of states — including some key battlegrounds — allow votes to be processed and counted well before election day, they noted.

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