Markets reassess 'Trump Trade' as Biden withdraws from race
Briefly

If Vice President Harris can mobilize quickly to give Trump a material run, then we should expect volatility to linger. However, if Trump continues to pull ahead in the polls and investors view his win as inevitable, then the 'Trump Trade' will take over and volatility will decline.
A fresh Democratic ticket means 'Trump trades would wobble as markets recalibrate the odds.' Those wagers 'are unlikely to budge much,' however.
Investors should expect a spike in volatility. If Vice President Harris can mobilize quickly to give Trump a material run, then we should expect volatility to linger.
Read at Fortune
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