• Based on current betting odds, a Democrat sweep in the Senate, House and presidential elections appears to be the most likely outcome in November 2020. A blue wave has the highest 35.1% chance of occurrence.
• Across the scenarios, a Democratic President historically led to higher market returns than a Republican President.
• We summarise the key impact of the different election scenarios below.

Alibaba’s payments arm, Ant Group/Financial has filed for IPO in both Hong Kong and Shanghai to issue at least 10% in new shares of its total capital. It is likely to be the largest in global financial history. Over 1.3 billion users worldwide The predecessor of the Ant Group is Ant Financial and its flagship product Alipay is a ubiquitous super app with more than 1.3 billion global users. In addition, Ant Group's products involve money market fund Yu'e Bao, Sesame Credit,...
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Report type: Weekly Strategy “The Political Market and Value Investing Are Factors for Supporting Japanese Stocks” In the 31st August 2020 issue of our weekly report (Focus on the COVID-19 Catastrophe Shifting to Nursing Care and the Start of the Political Market), 11/9 was an SQ day involving futures and options transactions of the Nikkei average, and we mentioned the need to be careful of the increase in stock price volatility in the 2 weeks leading up to it. Even...
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