The financial markets have made up their mind on the outcome of the US Presidential election. Betting markets, which gave even odds on both candidates up until a few weeks ago, have now widened their odds on Harris and shortened them on Trump, suggesting that Trump is now far more likely to win next month. Polls have also moved decisively in most of the swing states to give Trump a commanding lead. It’s worth remembering that in both 2016 and 2020, Trump did a lot better in the actual vote than the polls indicated ahead of the election, suggesting that…

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