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[AP] Biden promotes unity, turns to business of transition [Reuters] Biden returns to battle another economic crisis, but it’s no Great Recession [Reuters] Analysis: Clouds gather over battered dollar in aftermath of U.S. election [Yahoo/Bloomberg] U.S. Corporate Bond Sellers Are Preparing an Onslaught of Deals [Reuters] Global coronavirus cases exceed 50 million after 30-day spike […]
[Reuters] Wall Street Weekahead: Small caps join market rally but pandemic could derail them [CNBC] McConnell and Pelosi are once again at odds over the size of a coronavirus stimulus package [Reuters] U.S. daily coronavirus cases exceed 129,000, third day over 100,000 [Yahoo/Bloomberg] Erdogan Fires Central Bank Head After Lira Hits Record Low [Yahoo/Bloomberg] Brexit […]
We’ve grown accustomed to the “new normal”: Stock market ebullience even as the country suffers through a distressing confluence of hardships. The S&P500 surged 7.3% this week, the strongest weekly advance since April. Though the 2000 recount and supreme court decision were not without drama and enmity, when has our country struggled through such a […]
Here’s the news of the week – and how we see it here at McAlvany Wealth Management: Biden – Good for Oil? As we write this, it is indeed Groundhog Day in the sense that it seems as if this election season has dragged on interminably and has no end in sight. The US election […]
[AP] Biden ahead in Georgia, Pennsylvania; Trump attacks process [Reuters] Stocks mixed as balance tilts to Biden in U.S. election [Reuters] Dollar steadies, but more losses seen on post-election policy outlook [Yahoo/Bloomberg] Gold Set for Biggest Weekly Gain Since July as Biden Closes In [Reuters] Oil falls as virus cases rise, U.S. vote count continues […]
US stock markets have seen their largest post election jump in decades amid election uncertainty that continues to play out. Gold saw a $40 jump the morning of Thursday November 5 with silver rising over $1. We’ll cover the market uncertainty that could continue to play out as the election results are tallied. Thanks for […]
The MMT Myth Nov 3, 2020 OTMAR ISSING In today’s environment of ultra-low interest rates and massive monetized fiscal deficits, the dangerously naive policy prescriptions offered by Modern Monetary Theory are being realized more or less by default. Whether central banks will be able to regain control after the current crisis is an open question. […]
[Yahoo/Bloomberg] Tech Rebound Powers Stocks Higher; Treasuries Rise: Markets Wrap [Reuters] Dollar set for biggest three-day drop since March before Fed decision [Reuters] Gold bounces on dollar retreat as markets weigh prospect of Biden win [Reuters] Shares and bonds gain as Biden inches toward victory [AP] Biden pushes closer to victory in race for the […]
