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The raucous first presidential debate left many on Wall Street unnerved about President Donald Trump's unwillingness to accept a loss in November and the prospect of a protracted court battle to settle a close election.
I "disagree with notion that debate was a dumpster fire: by definition, dumpster fires are contained," Cowen analyst Chris Krueger wrote in a client note titled "Crazy Train."
"Further debates aren't set in stone. Debate was too chaotic to do anything but reinforce both sides. People are exhausted; that was exhausting," the analyst continued. "Trump did not lay out any vision or policy plan for a 2nd Term — other than declaring Biden a Trojan Horse for socialism."