Newsclips
Six Days Until the Election
October 28, 2020
While polls are tightening and Biden still has a comfortable lead, the betting markets continue to see this as a closer race.
While polls are tightening and Biden still has a comfortable lead, the betting markets continue to see this as a closer race.
Today's topics include has the Fed run out of bullets?, ECB purchases, credit card utilization, previewing tomorrow's GDP release, global debt, the yuan's peg, Dalio talks about the problems with bonds, and updating coronavirus counts
COVID cases are spiking worldwide and governments are trying to lockdown, but populations are pushing back. Risk markets have taken note.
Today's topics include value investing's bad run, projecting renters' debt, the stock market is not the economy, retail trade, more on household savings, the markets & the election, and checking in on China's trade promises
With eight days left to go until the election, polls and betting markets are still showing varying degrees of certainty in their predictions. While both groups expect a Biden victory, the betting markets appear to be more closely aligned with the market.
To-date, 131 S&P 500 companies (26%) have reported earnings. 86% beat estimates, well above the average quarterly beat rate since 2009 is 71%. The growth rate is -17.24%.
Today's topics include household savings & spending, increased dispersion of returns due to surging deficits, rising rates, bank dividends, projecting ECB purchases, ETF fee wars, revisiting the effects of the trade war, reaching for yield with dividends, loan losses, and stocks in the week leading up to the election
Daily COVID cases continue to make new records. Positive test rates, hospitalizations, and deaths are also trending higher.
Today's topics include the election & stocks, a look at the jobs market for college grads, the crash confidence index, the widening gap in credit market access, a European fiscal union?, a note on yesterday's jobless claims, bitcoin's stealth rally, and a preview of next week's GDP number