Since the beginning of september. As investors try to move toward the Health Care Part of the economy, it is creating choppy trading action as we can see with todays mixed action similar to yesterdays big move, lots of volatility. David we have all been fixated with the election, and some with covid19 and the vaccine. You pointed out something that happened in august that may be having ripple effects in the equity markets right now. It seems as though the surface issues, the very important issues, the election and the virus, a huge issue that can change the field. It seems that what we are seeing is a repricing of risk. In august, the feds policy framework shift back in august ,eeping rates lower for longer especially the short end of the curve, but putting the sentiment towards the idea of inflation or healthier economy, that has steepened the yield curve tremendously, again a repricing of risk. This is healthy, but when the yield curve steepens it does cause lots of different Asset C
I will tell you about some of the stocks benefiting from all of this. Well revisit iposs that were launched in great fanfare last week. How they are holding up today. Well be monitoring what make as bear Market Correction as you know. Many market averages themselves are at or close to corrections from highs. Some of them reached a little more than a few weeks ago. So as stuart was pointing out some perspective is in order here. A lot of this has to do with, well a lot of things. Not only renewed spike in cases were seeing in the likes of the United Kingdom and france. In fact the uk theyre revisiting another possibility of another lockdown. That is what is going on in israel, they are in their second lockdown and theyre not very happy about it. Then we have cases here. Four states in the United States that have 15,000 or more deaths recorded. California joining the likes of new york and new jersey and texas. So were monitoring that. But the numbers here are actually stablizing even as
Prompted money guys to were in his camp. Neil the dow up 250 points. Edward lawrence what might be the fierce of all this an extended trade war. Reporter the president in almost a News Conference before he left, uploaded some very critical thoughts about a trade deal with china. Listen. Were talking with china. Were not ready to make a deal. Well see what happens. Weve been hurt by china for 25, 30 years, nobody has done anything about it. We have no choice but to do what were doing. Reporter the president upping the ante and pressure on the chinese economy. He says no u. S. Cop will do business with huawei. That will halt of process of 35 Companies Going through for a special license to sell to huawei. The u. S. Labeled china a currency manipulator. The yuan hovering seven to one with the dollar lessening impact on tariffs. The president doesnt want to artificially weaken the dollar but believes he needs more help from the Federal Reserve. We have virtually no inflation in our country
Couldve chosen to work with the democrats to advance legislation we are interested aligned. No one expected him to past the democratic agenda the congress should be in the business of finding common ground. Seven months into this congress we all know that leader mcconnell unfortunately chose a different path. Leader mcconnell has turned what used to be the world latest body into a legislative graveyard. The perfect complement to our get nothing done president. From healthcare to gun safety to climate change, republicans just say no despite the overwhelming consensus of the American People on these issues. Even on the least controversial, least part of the issues, violence against women, Election Security, protected status and venezuelan nationals. Leader Mcconnell Senate has been a big black hole. There has not been a single bill open for amendment all year, not one bill. In the minority, leader mcconnell proclaimed bitterly about the same procedural tactics and said hed run things car
Gunfire has also been reported in on the mind across the river. From cartoon, the voting is underway and ecuador, his general election. It comes just weeks after a president ial hopeful, was assassinated. More than a 100000 police and soldiers have been deployed to protect the votes against violence and people in guatemala or voting in a president ial run off. It is seen as a test of the countries democracy. Voters will choose between congressman Bernardo Arvalo and sandra torres, a former 1st lady, thousands of residents in western canada. It had been forced to leave their homes as to why, of fires inch closer, cruise or using air tankers and helicopters to baffle the yellow knife blaze. As in northwest territories, and the mcdougall fire in British Columbia on the Hawaiian Island of molly search teams are continuing the grim task of work covering the remains of victims, cruise or using police dogs to search for hundreds of people still missing. After wildfires raised to the town of t