According to Odaily, Jean Boivin from BlackRock Investment Institute has expressed concerns that the market is underestimating the risk of a U.S. presidential candidate disputing the election results next month. Boivin warns that a contested victory could lead to 'weeks of very chaotic legal battles,' potentially unsettling risk assets. Despite the stock market remaining near historical highs, U.S. Treasury bonds have already experienced a sell-off. Boivin describes attempting to trade the U.S. election as 'foolish behavior,' emphasizing that the real focus should be on the scenario of a contested election, which the market has not adequately priced in. Investors should prepare for the possibility of a disputed U.S. election outcome, especially given the tight race. Voters and investors are increasingly likely to wait until after election night to know the results, particularly if any candidate chooses to challenge the vote counts in key swing states.