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Why investors are happy to see Google bring Loon back down to Earth

Shane Obata s Top Picks: Dec 30, 2020

Shane Obata s Top Picks: Dec. 30, 2020 BNN Bloomberg VIDEO SIGN OUT Focus: Global stocks MARKET OUTLOOK Joe Biden is set to become the next president of the U.S. while the Republicans are still favoured to retain control of the Senate, thereby providing a counterbalance against the probable widespread increases in taxes and government regulations. In addition, we expect fiscal and monetary policy to remain highly supportive, especially with the nomination of Janet Yellen for Treasury secretary. The COVID situation remains delicate, with cases rising globally in November and December. Investors, however, are beginning to look beyond the worrying statistics and government mitigation measures due to recent positive news on vaccines.

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