The last 24 hours. Tom what is interesting is the microanalysis of france or germany. Interesting conclusions. Heres what matters. Hospitalization capacity and the number of deaths is front and center for the pros. Jonathan and for market participants, desensitized by the numbers, conditions by the experience of earlier in spring. Markets that if that markets go up, and if they policymakers step in. Tom it is real simple here. Yes, all of that is true, but. Lso noted, a society adapting stimulus may be, the adoption of a set of vaccines, but also corporations adjusting to try to better 2021. Jonathan lets hope we get some better economic data. 8 30 eastern, jobless claims just around the corner. We got from 3m this morning. They are going to cut 3 of their staff, 2900 jobs. This comes amid the concern, how much can we see these terrible pandemic numbers without longerterm impact on that future outlook in 2021 . At 8 00 a. M. , we are getting the rest of the opec meeting on out cuts on
Still have a crack at taking the senate, but with biden inching to the white house, what policymaking is the market baking in . Biden hasy rains, but taken many by surprise. Joe the real winner this week, not biden, not trump, the good old 6040 portfolio. Everybody had left it for dad not long ago. Theof the best weeks for 6040 portfolio in a long time. End of election volatility. We are not likely to get a big stimulus. The diversified investor wins again. Romaine another big winner on the week was anyone shorting volatility. Most volatility measures started to pick up. The idea that we were going to get a contested election, at least today it looks like we may get a result here. That seems to have settled the market a little bit here. Some clarity as to what congress will look like. Your main measures of market volatility, and bond market volatility, all moving forward. Keyline diversification is and Asset Classes for the year that have beaten all of them, crypto. Who would have thou
Seen the abend flow. Flow. Ched the ebb and we are right now on this radio and tv simulcast in a major state of flux in terms of market dynamics. Jonathan in detention in europe continues to build. The lockdowns, if we can call them that, in the last 24 hours, versions of them in france and germany. And then the news out of nice, france, investigating a knife attack. I want to avoid speculation and stick with the facts. We are learning very little about what has happened in the last couple of hours. Tom it is an overlay on the pandemic. We just spoke with nicholas finn. , thee continent of europe boat capsizing on the English Channel a day ago. Immigration is different over there. The social tensions are different than america, arent they . Jonathan it is, but the social tensions in france are very unique at the moment around islamic terrorism and the weekly satirical nasa getting weekly hebdocal cartoon charlie has produced. We have seen this far too many times, and unfortunately we a
Investors concerned about rising Coronavirus Infections and what that means for the recovery. Global deaths are approaching one million with record cases in france and the u. K. The Trump Administration given an ultimatum over tiktok to delay a ban or respond in court. Ban isnt trumps due to take effect on sunday. ,aidi it was a meandering confused session in the u. S. Investors seemed to be trying to work out where the lead was. Investors weighing the scanned prospects of another stimulus package against a resurgence, the second wave we are seeing across europe and the u. K. Modest gains but the s p has wiped out all of its gains for 2020. Futures trading up by. 3 at this point. When it comes to the asian trading day ahead, the nikkei 225 regaining a little bit of positivity. Modest gains of. 1 , trading in the futures session in chicago. In sydney, we are watching as to whether this surge we have seen in growth shares will continue. The msci australia index jumping to a record high c
Any sale must include a substantial payment to the u. S. Government viewed and results season continues. Bps dividend expected to be cut for the First Time Since the deepwater horizon disaster. We will look at the toll coronavirus has taken on a drinks giant. Manus is just gone 6 00 a. M. In london and 9 00 a. M. In dubai. There is no sort of outstanding alpha driver this morning. We are grappling with different things. The unilateralism is alive and where. Unilateralism of trump to stand the unappointed benefits, of trump to deal with tiktok. That unilateralism i think is fed w rather than the this is betwixt good morning. Good morning. Nejra i am with you, it is hard to see any great conviction or catalyst in the market today. The rally we are seeing in asia seems to be feeding off what we saw in the u. S. Yesterday in terms of tech stocks. Was it just about the stay at home trade . Apple hit another record. Also interesting what we heard from the rba, especially since you are seeing