... All classic "toppy" signs... but the combo of political/fiscal gridlock and “whatever-it-takes” central bank liquidity means the most likely move is higher.
...blind arrogance of America’s mediocre elites ensures that the anger felt by the masses that brought President Trump to power in 2016 will not go away...
"Whether Biden or Trump are in the White House, governing with a Congress that is very likely to be divided would be difficult and mean very little policy that could significantly move equity markets would be passed."
For the past few months, US jobs reports came in far stronger than expected on the back of the trillions in fiscal stimulus injected in the economy in the post-covid depression. Well, the party is now over...
Managing editor, Ed Harrison, is joined by Jay Pelosky, co-founder and CIO of TPW Investment Management, to provide an update on his current outlook amid a…
Even with a gross bookings run-rate of over $30 billion, Uber remains unprofitable in its Delivery segment. Meanwhile, the company has has burned almost $10 billion in the past 4 years.
In FX, going forward it will be about the search for carry or any positive idiosyncratic stories that differentiate a country from the "low growth, low inflation, stuck politics" pack
