from Zero Hedge
Two weeks ago, JPMorgan declared that a contested election was the “worst-case scenario” for the market into year-end. Just days later, Ruth Bader Ginsburg died, and suddenly Scotus was set for a major Conservative takeover, although in the process raising the odds of a contested election as Trump would certainly feel empowered to challenge an unfavorable election outcome all the way to SCOTUS.
Of course, since then a lot of things have happened, including the shocking news overnight that Trump now has covid, which has thrown the political and market analysis calculus for a loop. Overnight, Bloomberg’s John Authers had some notable thoughts on what Trump’s covid infection means for markets: