US election: UBS says 'red wave' is likely coming
President Biden's underwhelming performance in the recent presidential debate with Donald Trump has sparked concern within his own party, with Democratic leaders and donors increasingly vocal about their doubts regarding his capability to endure another four years in office.
Although there are still four months until Election Day, it is notable that Biden's national poll numbers have declined following the June 27 debate. A recent New York Times/Siena College survey indicates that he now trails former President Trump by 5-6 points among likely voters. “Democrats must motivate younger voters,” strategists wrote. “Republicans must encourage voters who prefer Trump to express that sentiment reliably at the polls on Election Day.”
The odds for a Biden victory with a divided Congress are now at 30%, while the chances of Trump winning with a divided Congress are at 15%. The likelihood of a"blue sweep," with Biden winning and a unified Democratic Congress, stands at 10%.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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