The US stock market was cautious on Monday, awaiting the upcoming American presidential election. All three leading indexes fell.Caution prevailed as the winner of the tightly contested election between Democratic candidate Kamala Harris and Republican Donald Trump might not be known for days after the voting ends on Tuesday.
Some of the so-called “Trump trades” lost ground after a recent poll showed Harris leading in Iowa, triggering a retreat in dollar, bond yields and bitcoin.“This is the biggest event for markets for the year … but we think it’s wisest not to make big [investment] bets,” said Michael Reynolds, vice president of investment strategy at Glenmede
