Still wishing and hoping on stimulus deal
Wednesday 21st October 2020Equities are higher in the US again today. NAB\u2019s Tapas Strickland says it is largely on the back of continued hope that a stimulus deal will be struck. If not now, perhaps after the election with the possibility that the Democrats also win control of the senate. There\u2019s also optimism around a vaccine and US housing data bounced back, showing more underlying strength in the US economy. Tapas is asked why US equites continue to significantly outperform those in Europe, Australia and other parts of the world. There\u2019s also talk about the RBA minutes and yesterday\u2019s Australian jobs data, plus the high demand for the ERU\u2019s first \u2019social bonds\u2019.
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