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Analysts: The first debate will not have a decisive impact on the election

Aninda Mitra, Head of Asian Macro and Investment Strategy at New York Mellon Investment Management: After watching the Trump-Biden debate, I am skeptical that the debate will have a decisive impact on the outlook for both sides. Post-election market analysis raises the question of whether the candidates will change at the last minute. For now, the election situation is still up in the air, and it may take until the last minute for the situation to become clear. I feel that whether this will have a decisive impact on the movement of risk assets is unknown, but the nervousness is likely to persist and implied volatility may rise. More importantly, risk assets have shown amazing resilience so far this year in the face of monetary tightening and geopolitical crises. Therefore, we are neutral on most asset classes.