October 24th, Jean Boivin from BlackRock Investment Institute stated that the market is underestimating the risk of a US presidential candidate challenging the election results next month. A controversial victory may lead to "weeks of extremely chaotic legal battles," which could shake up risk assets. Although the stock market is still close to historical highs, government bonds have been hit by selling pressure. Attempting to trade the US election is a "foolish act," and what really needs to be focused on is the controversial election scenario, which the market has not fully reflected. If investors want to be prepared for a certain situation, a disputed US election result is one of them. Due to the close race, voters and investors are increasingly likely to wait until election night to know the results - especially if any candidate chooses to question the vote count in key swing states.