Jessica Noviskis, CFA
Senior Research Analyst, Hedge Funds
Of the many reasons the 2020 election may make history, expected record voter turnout is perhaps the best. By October 22nd, early votes via mail-in ballots and early in-person voting had already surpassed all early voting done in the 2016 general election. Based on last night’s latest estimates, almost 100 million have already voted nationwide, more than 70% of 2016’s high water mark of almost 139 million. Key battleground states Texas, Florida, North Carolina, Georgia, and Nevada have already collected more than 90% of 2016’s total vote.
For states that compare ballots to a voter’s party registration, 45% of early voters have been Democrat and 31% Republican, with the remainder registered with a minor party or without party affiliation. Polls generally report that Republicans are more likely to vote in person on Election Day, so early takeaways are limited.
As we anxiously await election results tonight and over the following days (hopefully not weeks), we can at least be celebratory about how many citizens have performed their civic duty in this election.
Please follow Marquette Research for additional election updates in the coming days, including our take on impacts across asset classes.
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