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Political Uncertainty Hits Financial Markets With Just A Few Days To Go Until The U.S. Election

Political Uncertainty Hits Financial Markets With Just A Few Days To Go Until The U.S. Election

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Political Uncertainty Hits Financial Markets With Just A Few Days To Go Until The U.S. Election Write your thoughts here
 
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Comments (2)
Rajiv Mehta
Rajiv Mehta Nov 01, 2020 1:14AM ET
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I feel sorry for the Americans who voted for Biden, they are laying the foundation stone for China overtaking the USA as the leading world economic super power, the S&P500 index is pricing in the demise of USA as as a super power, there will be no free lunches no stimulus, liquidity and cash will vanish and USA will go back into lockdown. I see the DOW already at 23000, feel sorry for the illiterate Americans
Charles Sturrock
Charles Sturrock Oct 30, 2020 7:30PM ET
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My thoughts on this are that we're about to be in real trouble here in the US. Just came from Worldometer where I was reviewing the daily cases of Covid-19. It appears we have broken another record today at around 90k new cases and reports are still coming in. Today may be the first day since this pandemic began, that the US will break the 100k per day mark for new cases. I thought we may not breach the 100k mark until around Thanksgiving, but it appears we are on track to break that threshold long before that. We are already experiencing hospital overload here in Texas. El Paso is not having to airlift patients to other hospitals due to their lack of capacity. Next week is setting up to be a very ugly week in markets no matter who wins the presidential election. Massive job cuts announced this week by XOM, CVX and Disney, with many more to follow. Oil down sub $30 per barrel and I think there is yet more room for downward movement. My tech reported good earning but got slammed today.
Charles Sturrock
Charles Sturrock Oct 30, 2020 7:30PM ET
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Since this site does not have an "edit feature" the sentence above should read "El Paso is now having to airlift patients to other hospitals due to their lack of capacity". There really needs to be an edit feature for comments.
Curopat Asuleimanov
Curopat Asuleimanov Oct 30, 2020 7:30PM ET
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Charles Sturrock  I feel that it is just testing that plays a significant part, cuz the death rate is very low. maybe there is a lag, but we have not seen it increasing in a while
 
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