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With the US Election, Will FOMC and BoE Matter?
The 2020 US Presidential Election hangs in the balance with an outcome that is too close to call. No winner has been declared at the time of publication and it could be days before the new President is announced. Trump’s campaign has already requested a re-count of ballots in Wisconsin and the same could be asked for other states. An uncertain election outcome with a split government was the worse case scenario for Wednesday but instead of crashing lower, stocks rallied hard with the Dow Jones Industrial Average up more than 700 points at one stage. While this rally may seem counterintuitive, the two most likely ... (full story)