"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
...I do not believe it will provide the type of support to the stock market that similar stimulus has provided in the past... we are going to overdose on that stimulus and the fatality is going to be in the US dollar...
