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GeoQuant’s presidential election model forecasts a 53% probability of government change, a “toss up” that leans toward Republican candidate Donald Trump, but with momentum favoring Harris. Our House election model forecasts a 56% probability of change, suggesting a Democratic takeover of the currently GOP-controlled lower chamber. With the Senate likely shifting to Republican control, divided government would continue to constrain legislative activity. Elevated levels of Political Violence Risk indicate that election results will be contested, however a new scenario analysis shows a low tail risk of an anti-government insurrection attempt.?A contested outcome will reinforce the very close link between U.S. Political Risk and gold price even if the U.S. dollar continues to rally.? #PoliticalRisk #Election #Gold #UnitedStates

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