Source: Zero Hedge
One Bank Is Selling Its Super-Rich Clients Products To Predict The 2020 Election As if there already wasn’t enough at stake during this year’s election , what with the Democrats wholeheartedly pushing for full-on socialism, investment bank Julius Baer has decided to make it even more interesting. The bank is pitching its rich clients on a way to bet on the U.S. election, selling as much as $40 million of structured notes tied to large American companies hinging on which party will hold the White House next year, according to Bloomberg . In theory, you pick the note that corresponds to the winning party and you should be able to profit. The bank is selling “Democrat Victory” notes that include names like Ford and Walmart, while its “Republican Victory” notes include names like Google, Amazon and Citigroup. To us, there doesn’t seem to be much of a difference between these portfolios, which seem to be more of a marketing gimmick. The bank oversees 422 billion Swiss francs and intends on “wading into the debate” about the political drivers of our current market rally.