Can the US presidential election be compared to Brexit?
With only a few hours left till Election Day in the US, the election is being repeatedly compared toin terms of market reaction. A major shift in the government translates to some major shift in the market, and investors are nervously awaiting the election aftermath, stating that anxiety surrounding the future is comparable to the anxiety surrounding Britain's exit from the .
In my opinion, the 2016 election can't bebecause the ramifications of Brexit were far greater. Brexit needed only above 50% of the vote to occur, while Trump needs to cover larger margins in order to win. Yet, as the election progresses tomorrow, the market will most certainly be kept on its toes, especially as votes for key states roll in.
So, what do you think? Can the US presidential election be compared to Brexit when it comes to market reaction? How do you think the market will fluctuate during the election?