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Blue Wave turns into Blue Trickle as pollsters fail again

Ng Qi Siang
Ng Qi Siang  • 8 min read
Blue Wave turns into Blue Trickle as pollsters fail again
Mark Haefele, UBS’ global chief investment officer, is urging investors to stay disciplined and stick to their financial plans.
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The pollsters have failed again. Two days after voting closed for the 2020 US Presidential Elections, the much-heralded “Blue Wave” turns out to be a Blue Trickle instead. Joe Biden failed to win the toss-up states of Florida and Texas. Overall margins were narrower than expected although at press-time, Biden’s lead has widened to 264-214, according to Associated Press — six shy of the 270 needed to take the White House from Donald Trump.

Democrats hoping to flip the Senate are likely staying disappointed. Needing to flip four Senate seats to capture the Upper House, it has so far made no net gains in their seat count. Furthermore, despite keeping the House, Democrats may see the smallest House majority in two decades as the GOP gained a net six seats.

“The shy Trump-voter emerged in record numbers when it really mattered,” says OCBC’s head of wealth advisory, Kelvin Goh. “They may not have answered calls from pollsters, or they could have outright lied about their political positions when interviewed. But in the silence and security of the ballot box, their true preferences were made known. A tick for President Donald Trump.”

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