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Market’s wild swings should fade because true fear is absent, Allianz Global’s Mona Mahajan predicts

With a little more than five weeks before Election Day, Allianz Global Investors’ Mona Mahajan speculates the worst of the correction is behind the market.

She believes true fear on Wall Street is absent, and the current level of uncertainty should limit sharp upside and downside moves.

“A lot of institutional investors buyers, especially, are perhaps waiting to see how the election results play out,” the firm’s senior U.S. investment strategist told CNBC’s “Trading Nation” on Thursday. “Really, the downside potential comes around the election period itself. If we get a contested election results, that period of uncertainty could weigh on markets.”

Reference: CNBC