The luxury automaker, whose CEO this week said he didn't think the company would ever completely give up on internal combustion engines, posted a surprise earnings beat on Tuesday morning that sent its stock soaring.
This suggests at two things: i) McConnell will concede to Democratic demands suggesting he won't back Trump in forcefully challenging the election outcome and ii) rumors of the reflation trade's death may have been greatly exaggerated.
The risks are "skewed towards a deterioration in COVID outcomes, an absence of fiscal support, persistent institutional uncertainty and broader negative growth surprises in the US in coming weeks."
...optimism about business levels in one year’s time improved to the strongest since April 2018 principally amid hopes of an end to the COVID-19 crisis
The Treasury will raise its long-term refunding debt sales next week to a fresh record $122 billion, to refund approximately $60.9 billion of Treasury notes maturing on November 15, 2020.
"So many things he was very passionate about, and was hoping that he could get into the Legislature and be of some help. He was looking forward to it. He was looking forward to being part of that."
"The uncertainties associated with a disputed election were what investors feared the most. Blue-Wave scenarios are now off the table and the probability of gridlock has risen."
