According to the most recent polls by Morning Consult, Biden leads Trump 46% to 37% among adults and 51% to 39% among registered voters (survey May 31-June 1). Public Policy Polling also shows Biden leading Trump in the swing state of Michigan 50% to 44%. The most recent polls likely reflect the protests.
Why is this important for the financial markets? Goldman Sachs just upgraded their stock market forecast stating that the pandemics is in the rear view mirror. Further, the major risk to the market currently is the US election outcome – specifically the Biden victory could cause higher corporate tax rates.
The stock market continues to look past these polls numbers, in addition to the long list of negative fundamentals.