JPMorgan says 'market expectations are set up for a Biden win and a front-loaded fiscal package'

U.S. Democratic presidential candidate Joe Biden delivers remarks on health care at the Beech Woods Recreation Center in Southfield, Michigan, October 16, 2020.
Tom Brenner | Reuters

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With Election Day only two weeks away, the base case for Wall Street has become a Joe Biden presidency and a consequent sizable fiscal deal, according to JPMorgan, which believes any other outcome would now disappoint the markets.

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