Uncertainty around this year's election outcome is unusually high, and that could have implications for the stock market, which has now rallied nearly 50% off its March low.
When uncertainty is high, stocks can become more range bound in the months just before an election, according to Morgan Stanley strategists. The strategists were part of a group of analysts that shared their views on the election's impact on markets, the economy and sectors in a report.
The race is close, with the potential of a Democratic 'Blue Wave' rising, said the analysts in a wide-ranging note on the Nov. 3 election. Former Vice President Joseph Biden is leading President Donald Trump in the general election map, but Trump still leads in some battleground states.