Peter Cardillo on the US presidential election affect on the markets

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Peter Cardillo on the US presidential election affect on the markets

In conversation with ET Now, Peter Cardillo, the Chief Market Economist at Spartan Capital Securities LLC talks about the current market situation with the news of a possible covid19 vaccine on its way and the U.S. presidential election results finally rolled in. Cardillo states that even though it may seem like a good news that a coronavirus vaccine will soon be available across the world, the real impact on the market can be seen as higher from the elections that took place recently after Joe Biden won the election. He said that the market has overreacted to the news of the vaccine which is still under trial.