THIS COULD BE GAME CHANGER FOR MARKETS
#alliesfin #usa #elections
How USA appoints it's #President ?
#American people will vote on 3 Nov. They will vote for electors. Electors are like MP /MLA in India.
These electors will vote on 14 dec and decide who will win Trump or Biden
The counting for votes by people will began on 4th nov and has to be completed by 8th dec.
Once that counting is done, the electors of each state will get the data of who the people of that state wants to see as president.
(During last election Hillary Clinton had got more vote from people, but the electors choose Trump and he won the election)
On 14th dec the electors will vote and elect the president of USA.
To become president a person needs more than 270 electors vote out of total of 538.
The exit poll will be published by news channels as soon as election is over on 3nd nov.
But that will not be final result.the final result will come on 14th dec .
In short Markets will react twice once on 4th nov on exit poll and other on 14-15th dec after declaration of result.
fwded msg. pls verify your source.
By: via @AlliesFin Serve Stock Market
