Markets brace for US electionFind out how investors are preparing for the upcoming US election. Big US tech stocks emerge as election winnersPotentially slow progress on stimulus without Democratic Senate boosts growth sharesJoe Biden constrained: how Wall Street positioned for divided US governmentShock, patience and a rethink in a tense week for fund managersUS election sucks air out of the reflation tradeProspect of divided Congress and more modest economic stimulus has had big effect on marketsInvestors hold their poise in face of knife-edge US election resultModest moves and low volumes despite potential for protracted political uncertaintyOil traders braced for balancing act in wake of US electionAnalysts warn against oversimplifying what each candidate means for crude pricesEmerging-market currencies diverge on expectations of Biden winCountries targeted by Trump have seen their currencies strengthen in recent weeksMore from this SeriesInvestors opt for the ‘do nothing’ trade ahead of US electionMemories of shock 2016 result discourage asset managers from making big directional betsInvestors bet US recovery will force long-term bond yields higherMoney managers wager ‘blue wave’ in US election and good news on Covid could reduce uncertaintyUS investors pivot to ‘blue wave’ as odds favour BidenMarkets shift towards small-cap companies and value shares over growth stocks