In light of the market rally occurring along with election uncertainty today, senior editor, Ash Bennington, and managing editor, Ed Harrison, together pose…
Not only did Democrats fail to protect a number of their most vulnerable members, they had not picked off a single Republican incumbent heading into Wednesday afternoon. And now Nancy Pelosi's head may be about to roll.
Starting in March, a series of emergency measures were rolled out that temporarily eliminated or blunted restrictions on bank balance sheets, along with ramped up support for financial markets that in the US at least, was unprecedented.
...a lot of this sticky vol from over-hedging “crash” event risk could then mechanically “slingshot” Equities higher into the year end, particularly as tail-risk passes and hedges are then unwound
...the reality is we’ll almost certainly get stimulus no matter who wins. This economy is built on stimulus. The powers that be will ensure the stimulus spigot stays open.
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.
