"All Roads Lead To Inflation" - As Election Looms, Paul Tudor Jones & Goldman Place Their Bets

With the election approaching, Goldman Sachs trading desk notes that clients are positioning themselves for different outcomes, taking advantage of optionality given that there will be a binary outcome. And while we noted recently that Wall Street appears to be "going all in" for Trump.

Before we start, the implied move for the US presidential election stands at 2%. As Goldman's Brian Garrett points out, this is the lowest reading since we began tracking the excess variance.