A blue wave is still possible, but two months of no
Monday 9th November 2020There\u2019s still a chance that in January the Democrats will take control of the Senate. Until then, President Trump is still in charge and the US faces rising COVID cases without a fiscal stimulus. Larry Kudlow suggested that Friday\u2019s non-farm payrolls were so strong there isn\u2019t a need for support but NAB\u2019s Tapas Strickland says high-frequency data suggests the job recovery is slowing. Similarly, China reported a big increase in exports, but can that last if demand for goods is subdued by the continued strength of the pandemic. It\u2019s a quiet week this week, except for the President\u2019s legal challenges on the election result, but markets are not likely to respond to the sideshow. Similarly, there\u2019s no market reaction to Brexit talks, even though the clock is ticking louder now.
Hosted on Acast. See acast.com/privacy for more information.