The US Election is The Driver in the Week Ahead

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The near-term outlook for the capital markets will be driven by the results of the US election on November 8. The narrowing of the polls for the presidential contest reverberated through the markets last week. Equities continued the sell-off that began in two weeks ago. The S&P 500 failed to hold on to early gains before the weekend, and its sell-off extended for nine consecutive sessions, something not seen since Carter was President.