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The Investment Climate and the Dollar
We have all been hopeful that a vaccine could be developed for the coronavirus, and these hopes were not vain. Pfizer and Moderna's promising results are just the tip of the iceberg, and in the coming weeks, more results from other companies are expected. Make no mistake about it. There is a several-month slog in front of us as the virus surge has yet to be convincingly turned in Europe, let alone the US, which seems to lag behind a couple of weeks. The data highlight of the week, the preliminary November PMIs will likely underscore the adverse economic impact. There is more stimulus to come. The ECB is the obvious ... (full story)