Here’s what Wall Street analysts think of the chaotic Biden-Trump debate

The performance of the S&P 500 has shown a rather mixed picture since the debates of the presidential candidates since 1960: on average, the following day, the index fell 0.3 percent, while in median terms it rose 0.4 percent and was positive at 58 percent. hundred of cases. The panorama is quite heterogeneous, of course that in many cases we can speak of long-term effects, economic proposals and other drafts and regulations are more important for the stock markets than throwing mud and political gestures.

In the case of Wall Street, the following analyst opinions and statements were issued after the discussion:

• UBS: According to Chief Economist Paul Donovan, the debate only increased the risk of a potentially controversial election result, adding that:

Given the importance of the US markets to international investors, this could generate additional volatility around the elections.

• Nomura: Here, analysts highlighted Donald Trump’s assertive attitude toward Joe Biden’s dovish responses. However, they don’t think it will have a significant impact on the chances of winning where Biden continues to lead.
• CMC Markets: Senior analyst Michael Hewson was quite skeptical in his statement:

If the purpose of yesterday’s debate was education and information transfer, at best it has shown how much credit crunch American politics suffers.

• German bank: Bank strategists similarly noted that the discussion was not overly informative and was largely due to insults from candidates. It was also noted that an important part of the story surrounding the debate may have been Trump constantly interrupting Bident, who would occasionally appear as a partner on the matter and similarly reciprocate the gesture.
• I G: A senior analyst noted that pollsters expect Joe Biden to benefit even more from Trump’s capricious behavior after yesterday’s debate, diverting attention from his doubts and ability to debate the Democratic candidate’s memory.
• Saxo Bank: According to John J. Hardy, Senior FX Analyst, Joe Biden performed better than expected, noting that:

Stock futures markets produced strong volatility during the presidential debate, but then fell just as quickly thereafter.

• Nordea: Analysts here also did not think that the debate would have a significant impact on the chances of winning, and they believe the same will happen in the following debates, but:

Joe Biden’s lead in the polls remains a risk factor.

The S&P 500 has opened positively for the time being today and is already up 0.5 percent.