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The Blue Wave Trade: JPMorgan's "Democrat Factor" Soars 20% As Wall Street Prices A Sweep

Tyler Durden's Photo
by Tyler Durden
Authored...

Prediction markets aren't the only place where traders are betting on a Democratic sweep.

Over the weekend, we laid out Goldman's case that gas prices are steering the midterms, with Polymarket pricing a roughly 65% chance that Democrats take both chambers, a number the bank's own historical work suggests is too high.

What Is The "Democrat Factor"?