Goldman’s US Dollar View is Wrong on Biden Win and Vaccine
Goldman’s US dollar view is wrong on a Joe Biden win and the vaccine. Why? The US dollar weakened under Trump’s divisive leadership. Logic suggests it would therefore rally on the US coming together. Biden’s decades of bipartisan experience and bipartisan support would translate to a stronger dollar (barring, of course, more civil disturbances from police shootings). Dr. Anthony Fauci says that broad availability of a vaccine may not be possible until the 2nd quarter of next year - at the absolute earliest. There is far too much vaccine optimism already priced into the markets, leaving a downside surprise more likely than upside. www.macroesg.com #macroesg --- Send in a voice message: https://anchor.fm/macro-esg/message