GOP Members Say They’ll Respect Election Results 🗳

GOP Members Say They’ll Respect Election Results

U.S. president Donald Trump made headlines this week when he announced that he might not accept the results of the upcoming presidential election. This statement should have worried investors. If there is one thing that markets don’t like its chaos and uncertainty.

However, members of Trump’s party have spoken out against his statement and said they are prepared to accept whatever results come of the ballots on November 3. Numerous significant faces in the party, including senate majority leader Mitch McConnell, made statements saying they would support a peaceful transition of power.

Now, these statements do not ensure that the weeks following November 3 will not be incredibly chaotic. In fact, many think there will be significant confusion as mail-in ballots may not be fully counted after election day. Imagine the emotions this will create on both sides of the aisle.

But, if Trump is not backed up by his party, it will make it very hard for him to stay in office after a loss. While there is still a massive degree of uncertainty, the potential for both Trump and either Joe Biden or Nancy Pelosi to be sworn into office on January 20 is still quite low, which should make investors happy.

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

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