– Stay still – E24

– There is a lot of uncertainty. I see that many in Norway think it is still open, while many other places, especially betting companies, think it is definitely in favor of Trump, Sissener tells E24.

– The advice for inexperienced investors, that is: Stand still, says Sissener.

– When the noise subsides, the market will go up anyway, he says.

Eruption in the markets

The electoral drama in the US has an effect on stocks, interest rates, oil prices and the currency on Wednesday morning, at the same time that the votes are counted and the result is not clear.

• The Oslo Stock Exchange opened lower, but rose 0.5 percent shortly after ten o’clock.
• Across the Atlantic, the futures index on the broad S&P 500 has fluctuated between more than 1.3 percent and less than 1.2 percent in the morning.
• At the same time, the ten-year US government interest rate has fallen from a high of 0.94 percent last night to below 0.8 percent, a significant decline from what is often called the highest interest rate. important in the world.
• The krona exchange rate has weakened against the major currencies. At the time of writing, a dollar costs 9.46 kroner, 15 øre more than last night.

– Waiting for clarification today.

This year alone, 70,000 new private shareholders have joined the Oslo Stock Exchange, and 455,000 Norwegians now own shares on the Stock Exchange, according to Aksje Norge. When there is uncertainty in the market, it can be difficult to know what to do.

– Trying to guess what the result will be there is almost impossible. There is no reason to run and buy now, although I absolutely believe that if you weaken today and tomorrow you should take that opportunity to buy, says Sissener.

– Real companies are really cheap. Then there is a lot of advertising in many smaller companies, but I would not let that worry me, says the investor.

Before the election, Sissener had purchased insurance against price drops on US stock exchanges in his Canopus fund.

Sissener is not concerned about a situation like the 2000 elections, where several months passed before the situation was clarified. At that time, the Supreme Court ruled in mid-December that George W. Bush had won the election over Al Gore, by five to four votes.

– I do not think so. I hope we get clarification later today, and that you can count these votes by mail, says Sissener.

– I just want a winner

– The market will only have one decision. You don’t like uncertainty and you just want a winner, Fredrikstad investor Haakon Sæter tells E24.

He himself stands still in the boat with his positions and believes that a selection process that delays time will be the worst case scenario for market participants.

– Then it will be uncomfortable, says Sæter.

– You have to be prepared for the noise now and the short-term fluctuations can be big, but this election will soon be over and then it will be “business as usual”, says Leif Eriksrød, portfolio manager at Alfred Berg.

He says that many investors love waves in the stock market, but says it means little to his own management.

– We cannot move billions of crowns from one side to another in minutes. For us, it is the underlying trend that is important and we do not believe that it will reverse. No matter who wins, we have to adapt. For Norway, the price of oil is more important.

– In a few weeks, this will end and then we will return to a situation where the covid or oil prices become more important again, says Eriksrød.

Electoral drama

The development comes after the electoral drama has turned smoother than many might have thought. In the gambling market, the favorite label switched from Biden to Trump overnight.

As the clock approaches ten, leader Joe Biden is still in voter turnout. In total, he has obtained 238 votes after, among other things, securing victory in the state of Colorado, according to the AP news agency the Wall Street Journal.

By comparison, Donald Trump has received 213 voters, after, among other things, securing Florida.

To win the election, presidential candidates depend on winning 270 voters.