Goldman Sachs: Traders overestimated the risk of a 'difficult birth' of the US election results to the financial markets

A Golden Finance report said that Goldman Sachs believes that global investors have overestimated the risk of financial markets entering a period of uncertainty due to the ‘difficult birth’ of the US presidential election results next week. The company’s Michael Cahill, Lexi Kanter, and Alec Phillips said, ‘While we recognize the possibility of tail risk, we believe that market participants seem to have somewhat overestimated the likelihood that the election results latência will prevent the financial markets from digesting the potential election results on election night or the following morning.’