Markets are plagued (figuratively and literally) with ominous headlines around a second COVID wave. France on Tuesday reported 33,417 new cases and 523 deaths in
Day: October 27, 2020
‘What If He Does It Again?’ Hedging An ‘Unthinkable’ Trump Victory
Earlier this month, in “‘So Many Things Could Go Wrong’,” I talked briefly about the reversal of a 2016-era Trump trade — namely, buying the
Confidence, Core Competencies, And CAT Naps
Are the “fundamentals” sound? The answer on Tuesday was: “It’s complicated.” Durable goods orders beat, climbing 1.9% for September, nearly four times consensus, while core
From ‘Chaos’ To ‘Blue Wave Mania’: Nomura’s McElligott On Election ‘Narrative Overshoots’
Observing the evolution of the election narrative through the market’s beer goggles has been quite something to behold over the past couple of months. It’s
China Has Seen Enough Yuan Strength, Apparently
Beijing has apparently seen enough yuan appreciation for the time being. Just hours after Guan Tao, a former forex regulator and a member of the
Eating Out In Germany & Drinking Water On The Moon
Lockdown worries continued to plague market psychology Tuesday, or at least as it relates to western nations, which are running short on options for containing
