US PRESIDENTIAL ELECTION, GLOBAL STOCKS – Speaking Factors:US presidential election might take prime billing as 2020 will get und
US PRESIDENTIAL ELECTION, GLOBAL STOCKS – Speaking Factors:
- US presidential election might take prime billing as 2020 will get underway
- Vary of outcomes might have extra “risk-off” vs. “risk-on” situations
- Technical cues warn of a defensive flip in key world inventory markets
Recommended by Ilya Spivak
Traits of Successful Traders
It in all probability goes with out saying that the US presidential election and its impression on monetary markets will probably be one of many main macro narratives preoccupying traders in 2020. The Fed’s obvious intent to fade into the background – it mentioned this month that charges are anticipated to stay unchanged subsequent yr and signaled the bar may be very excessive for that to be reconsidered – in all probability sharpens the concentrate on political issues.
US President Donald Trump has been impeached in the House of Representatives, however markets appear to usually assume that he will probably be acquitted in a party-line vote within the Senate. Which means he’ll stay on the prime of the Republican Get together ticket. Past that, hypothesis forward of the vote in early November…