A high-stakes election is on the horizon, and traders are gearing up for the possibility of dramatic policy swings. On Wall Street, teams are working through the night to adjust their bets, with assistance from Hong Kong and Singapore. Popular trading strategies include going long on the dollar and short on bonds.
Some hedge funds have also taken steps to prepare for an unprecedented election season. One London-based firm has updated its “shock” computer model specifically for this moment. Meanwhile, banks are bracing themselves for the risk of civil unrest, which could have far-reaching consequences for global markets.
Source: https://www.bloomberg.com/news/features/2024-11-03/how-traders-are-preparing-to-watch-2024-election-night-results