US PRESIDENTIAL ELECTION, GLOBAL STOCKS – Speaking Factors:US presidential election could take prime billing as 2020 will get und
US PRESIDENTIAL ELECTION, GLOBAL STOCKS – Speaking Factors:
- US presidential election could take prime billing as 2020 will get underway
- Vary of outcomes could have extra “risk-off” vs. “risk-on” eventualities
- Technical cues warn of a defensive flip in key world inventory markets
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It most likely goes with out saying that the US presidential election and its influence on monetary markets can be one of many main macro narratives preoccupying buyers in 2020. The Fed’s obvious intent to fade into the background – it stated this month that charges are anticipated to stay unchanged subsequent yr and signaled the bar may be very excessive for that to be reconsidered – most likely sharpens the give attention to political concerns.
US President Donald Trump has been impeached in the House of Representatives, however markets appear to typically assume that he can be acquitted in a party-line vote within the Senate. Meaning he’ll stay on the prime of the Republican Get together ticket. Past that, hypothesis forward of the vote in early November…