Resilience Revived? Election/political risk in various forms has been squeezing the US equity market in recent weeks, but the correction appears, once again, to be a temporary diversion.
The US economy is still on track to post a strong rebound in the upcoming third-quarter GDP report, but Q4’s prospects appear to be fading, according to recent nowcasts compiled by CapitalSpectator.com and analysis by economists.
Trump ends stimulus talks between GOP and Dems until after election: WSJ
After rejecting stimulus talks, Trump appears to reverse course: CNBC
End of pre-election stimulus talks threatens more economic pain for US: BBG
Fed’s Powell recommends more stimulus to aid economic recovery: CNBC
Covid-19 continues to spread among Trump’s inner circle: BBC
US lawmakers focus on reforms for Big Tech: Reuters
Iran warns that fighting in Caucus could trigger regional war: Reuters
Another former Soviet republic (Kyrgyzstan) succumbs to political chaos: BBC
German industrial output slipped in Aug after 3 monthly gains: MW
Venezuela, once a major oil producer, grinds to a halt for crude output: NYT
US traded deficit at 14-year high in August: AP
US job openings retreat for the first time in four months in Aug: BBG