174 days ago • Posted by Charles-Henry Monchau

Trump can still win U.S election in "Armageddon" scenario for markets, JP Morgan CIO warns

As President Donald Trump continues to refuse conceding to President-elect Joe Biden, JP Morgan on Wednesday warned clients of a small chance that Trump could succeed in being reelected. Michael Cembalest, chairman of market and strategy at JPMorgan Asset Management, called the "remote risk" of a Trump victory an "American horror story" that would lead to constitutional mayhem in a new appraisal report of the "Armageddonists" (...) Bottom line: a LOT of very unorthodox things have to happen for Trump to be reelected. Even so, I'm not ruling anything out," Cembalest wrote, adding that the financial Armageddon could still happen in early January - source: Newsweek

Can Trump still be re-elected?