Wall Street gives clearest indication in weeks of which way the election is going

While your guess is as good as ours about who will win, we're confident about the scenarios (we) laid out recently: In short, a Trump win or Red wave are bullish for the USD; a Blue Wave will crater the USD,

analysts at TD Securities said in a note

We judge financial markets are now positioned for a Harris win,

said Carol Kong, a currency strategist at Commonwealth Bank of Australia

We don't think Harris is necessarily bad for the USD over the medium term,

they said

The USD can therefore fall modestly by 1 per cent‑2 per cent this week if Vice President Harris wins and lift materially if (former) President Trump wins,

she said

The setup is still skewed to the positive and the bull cases is still intact, unless we get a new policy from a new political regime that looks like it's going to be more austere,

Trivariate Research founder Adam Parker said Monday on CNBC's "Closing Bell."

The index is left at an important juncture,

Krinsky said of the S&P 500

If last week was the appetizer, this week should be the main course with the election followed”

Of the broader market, he added

We believe implications to equities from the election will be more nuanced than what the headline might suggest,

Kwon wrote in a Sunday note

As we move closer to the US election there is less confidence that

Lee Hardman, a senior currency analyst at MUFG, told Bloomberg

We find that the relative value in the muni space is becoming very attractive right now, and we will look to take advantage of that as we get through the election period,

Persson said

For the bond market, what matters most is the makeup of Congress,

said Andrew Szczurowski, portfolio manager for the Eaton Vance Strategic Income Fund (ETSIX) and co-head of the mortgage and securitized investment team at Morgan Stanley Investment Management

The biggest buyers [of agency mortgage-backed securities] are banks, and the banks are in a wait-and-see mode until we get past the election – they want to get past the event risk,

he said, noting that it's both "the cheapest sector and the biggest no-brainer

We are constructive on fixed income as a whole, despite these uncertainties, and we're stressing to investors that yields are really quite attractive – and the income generation we can get from fixed income right now is quite powerful,

Persson added

We are still assessing and still poised for the soft-landing outcome here,

he said

Those are impacting the front end" of the Treasury yield curve

he said

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

We’re bracing for volatility and maybe looking for some opportunities around the edges,

Reynolds said

I don’t think anyone has any idea what will transpire, although a tremendous amount of ink has been spilled trying to strategise around it. More likely than not though, it will take a few days to clear all the volatility, with things too close to call. With any luck we get a decisive victory one way or the other, so we can all move on, but I’m not holding my breath for that.”

Brad Bechtel, an analyst at Jefferies, said

Whilst the fallout from the US elections could quite literally trump whatever goes on in the markets, the mixture of central bankers and politics could well cause fireworks for investors, aptly in a week that contains Bonfire Night.”

Thomas Watts, a senior investment analyst at the fund manager Abrdn, said

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If it’s close, stand by for a long few days,

said Jim Reid, an analyst at the bank