Goldman Sachs: Traders overestimated the risk to financial marekt from the "difficult birth" of the US election result

Global investors are overestimating the risk that financial marekts will be thrown into uncertainty as a result of next week's US Presidential Election, according to Goldman Sachs. Michael Cahill, Lexi Kanter and Alec Phillips, the firms, said: "While we recognise the potential for tail risk, we believe market participants appear to be slightly overestimating the probability that a delay in the election will prevent financial marekts from digesting a possible election outcome on election night or early morning."