JPMorgan: Trump's Refusal To Concede Could Trigger 'American Horror Story'

The Trump campaign's efforts to overturn the election results are widely seen by Wall Street as a desperate sideshow destined to fail.

But CNN reports JPMorgan is telling clients, 'Not so fast.'

After all, this is 2020.

According to CNN, JPMorgan Asset Management's Michael Cembalest says there's still a chance that this process could descend into chaos.

The chairman of market and investment strategy warned in a report Wednesday of the "remote risk of an American horror story" and "constitutional mayhem." The Market and Investment Strategy chairman pointed to President Donald Trump's Tuesday night firing of the top US election security official.

He also noted Attorney General William Barr's decision to authorize prosecutors to probe alleged voter fraud.

Bottom line: a LOT of very unorthodox things have to happen for Trump to be reelected.

Even so, I'm not ruling anything out.

Michael Cembalest Chairmain, Market and Investment Strategy, JPMorgan Asset Management