from Zero Hedge
On Saturday, we showed that Trump had received a healthy boost in support following the Republican National Convention (and just around the time of the latest rioting in Kenosha and elsewhere) while enthusiasm for Joe Biden has slipped, according to a new poll by Morning Consult. We also showed that a far more dramatic race was reflected in Real Clear Politics‘ betting average between Trump and Biden, using data from oddsmakers Betfair, Bovada, Bwin, Matchbook, Smarkets and SpreadEx.
This morning, in his latest note, JPMorgan’s Marko Kolanovic laid out “what is next for markets” and his contention was that as the data we showed over the weekend reveal, “investors should position for rising odds of Trump re-election” as “Trump’s re-election chances are rising and are already higher than currently reflected in investment styles.” This matters because “the impact on sectors and factors (momentum vs value, cyclicals vs tech, ESG) could be dramatic and investment portfolios should adjust for a potential Trump re-election.”