Wall Street tests the market fallout of a Trump-Biden rematch

News Snapshot:

(Bloomberg) — This much is clear for the financial markets: The US presidential election is likely to usher in a bumpy end to 2024. Most Read from Bloomberg Futures on the VIX Index — known as the fear gauge — show traders are already preparing for the risk of stock-market swings around the November vote. Analysts say the US dollar may rise — at least temporarily — as investors shift into havens. And bond traders are mindful of a potential repeat of 2016, when Donald Trump’s victory triggered a selloff on worries that tax cuts would push interest rates higher...