Biden Looks Vulnerable. The Market, Not So Much

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Any day now, we will know who the Democrats will nominate for the vice presidency. In a very strange August in which the two parties’ nominating conventions will create far less political theater than usual, there may not be another political event so significant for the campaign until the presidential debates start late next month. The election itself is less than three months away, and it will soon begin to have a much clearer effect on markets and the economy. Here, then, follows your chart book on how to follow the U.S. election.