There are now less than three weeks to go until U.S. Election Day on November 3rd. At this time, the polls indicate that Joe Biden has the advantage in the presidential contest, and that the likelihood of a Democratic sweep of Congress is increasing. With that in mind, this report from RBC Global Asset Management highlights the key information investors need to know about the upcoming election.

As many long-term investors know, the markets can deal with both good news and bad news, but their reaction to uncertainty is often unpredictable. Given all of the events of 2020 so far, it seems fair to assume that there will be some more uncertainty to deal with before this election is settled, which may well lead to increased volatility. While this may all make for good headlines, it is important to remember that it is corporate revenue and earnings that drive the stock market over the long term, not the current resident of the White House, and, regardless of the outcome on November 3rd, we don’t expect this to change.