Markets brace for ‘black swan’ impact of US presidential election

‘The reopening of the FBI investigation into Hillary Clinton’s emails may result in a surprise outcome of the US presidential election on November 8, which could shock global stock markets worse than any ‘black swan’, Citi analysts warn.
“With huge uncertainty around the outcome and the consequent shape of economic and political policymaking, many asset prices are likely to see increased volatility. This, in itself, could provide a considerable headwind to growth,” analysts at the bank said in a note.
A ‘black swan’ event is a metaphor used by the investment community to describe an event that comes as a surprise, such as the crash of the US housing market in 2008.’
Read more: Markets brace for ‘black swan’ impact of US presidential election