US polls: Wild swings in markets expected, investors prepare for big moves

Trump's largely unexpected victory set off violent swings in markets on election night in 2016, with gold, the Mexican peso and stock futures among the assets experiencing wild gyrations

Market volatility is back - and investors expect more wild swings in the coming weeks and months as the US presidential election closes in.

Regardless of who wins the Nov 3 election, some market watchers say, markets are likely to grow more turbulent. Economic uncertainty resulting from the coronavirus pandemic still looms large, and the possibility of a delayed vote count due to a large number of mail-in ballots has also unsettled some investors. Moreover, a buildup of positions in big tech-related stocks has increased risk, as seen in a sharp market sell-off on Thursday.

"This is just a situation where all