Caution prevailed in the markets as the outcome of a tight presidential election between Kamala Harris and Donald Trump may take days to be determined.
Investors are bracing for volatility due to uncertainties surrounding the election results and the impact it may have on future policies.
Despite the uncertainty, investors are largely expecting a 25 basis point cut from the Federal Reserve, which is anticipated in their upcoming meeting.
Michael Reynolds commented, 'This is the biggest event for markets for the year but we think it's wisest not to make big investment bets.'
Choppy trading is likely as markets await the election outcome, influenced by a retreat in US dollar and other assets connected to Trump.
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