Markets have been pricing in a blue wave and additional stimulus: UBS Global Wealth Management's Draho
Jason Draho, head of Americas asset allocation at UBS global wealth management, joins 'Closing Bell' to talk about the state of the markets and whether it's pricing in a potential blue wave. There was definitely some skepticism about a blue wave up until about two weeks ago, after the first presidential debate, says Draho. You could see the probability shifted quite a bit after that time. And markets have been pricing in what they perceive as a blue wave scenario of more fiscal stimulus.