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We have now reached the Rubicon of confirmation politics. Thirty-three years after the Bork hearing, senators are now stripping away any pretense or nuance: they will oppose Barrett because of her expected votes on cases.

"It’s important to remember that not all people are able to take advantage of low rates, given the effects of the pandemic."

And the VIX kinks again.

... some of which have subsequently proved to be wrong.

... things would get messy in index on a move down through 3400 (3389 to be exact) in SPX and / or through 284.63 in QQQs...

"...employers are going to realize, after the fact, that they don’t really need a lot of these workers, and a lot of these workers are going to be re-fired. Except next time it is going to be permanent, not temporary..."

"We downgrade Tech to Neutral" - Goldman Sachs

The Chinese electric carmaker now sports a market cap close to $33 billion despite delivering just 4,708 vehicles in September

...gold’s upside potential over the long run looks far from exhausted even after its terrific run over the past few years...

Another stock that was priced beyond perfection.

"The West’s growing instability is playing right into China’s game plan. Sun Tzu would be delighted..."

"Data today is expected to confirm U.S. economic sentiment is deteriorating, U.S. fiscal stimulus remains some way off, and a hard Brexit"

Despite the surging support for the Democrat ticket across Europe, YouGov found that a considerable swathe of the public remains sceptical of a Biden victory...

"Today, too many ‘remedies’ -- such as Critical Race Theory -- are taking us in the wrong direction: separating even elementary school children into explicit racial groups, and emphasizing differences instead of similarities."

... the latent conflict between the deep state and the elected representatives of the American people has come to a head during the Trump presidency.

It was another wait-and-see session. The “blue wave” trades -- higher stocks and yield-curve steepening -- have faded this week.

The Fed is now an irreplaceable anchor of what was once known as the market, in perpetuity.

“Higher ETF ownership of investment-grade corporate bonds can reduce the ability of investors to diversify liquidity risk...”

Encore's new operating schedule will continue indefinitely "until consumer demand for Las Vegas increases." 

 

 

Real Vision managing editor, Ed Harrison, is joined by editor, Jack Farley, to break down today's bank earnings reports and look forward to the fate of the…