United States of Anxiety: Election count drama may give markets and investors sleepless nights

Hopes of a swift, decisive result dashed

I have sat through many elections over the past 40 years or so and yet I can still be shocked. That a country that leads the world in technology can make such a Horlicks of an election count.

There is one result we already know: election organisers and pollsters have lost… again. Of all years, this was one when the US - when the world - needed a swift, decisive result. Now President Donald Trump is declaring that he has won and that no more votes should be counted. He is going to the Supreme Court, so we can expect lawyers to get rich again. What does this mean for strategy? Well, whoever wins, the Republicans look like they should retain the Senate, so the 'Blue Wave' was becalmed. It probably means any further fiscal stimulus may well be more cautious. Dow Jones futur...