Trump’s failure to concede quickly could cause increased volatility in the markets in the coming days or even
weeks. Markets hate uncertainty, and the outgoing president’s failure to recognise that he has lost is
certainly unprecedented.
In response to the result, Trump has filed several lawsuits in numerous states, hoping to overturn the result
on claims of a fraudulent election. But, with speculation mounting over the salience of Trump’s legal battles –
and with the so-called Biden bounce already in effect – it remains to be seen just sincere a chance he has of
clinging onto power.