Calm Before The Storm? The markets continue to churn but most of the major asset classes continue to go nowhere fast. Surprising? Not really. With the US election less than a month away the markets seem to be holding their collective breath and ponder what may lie in wait on the other side. That starts with the obvious: Who will be president? A worthy question, but that’s just the opening bid.
The energy sector is a critical part of the US and global economy and this slice of global markets deserves a spot at the asset allocation table. But as an investment it’s been a disappointment in recent years… or has it?
Eli Lilly’s Covid-19 antibody trial on hold due to safety concerns: SN
Supreme Court rules census counting can end before Oct. 31: CNBC
IMF cuts outlook for global growth in 2021: CNN
JPMorgan, Citigroup: US economic rebound continues to face risks: WSJ
Debate over the relevance of the equity size factor is heating up: II
China’s stock market value rises to record high of $10 trillion: FT
US’s weakest local economies face dire outlook in pandemic: Reuters
Eurozone industrial output continued to rise in Aug but at much slower pace: MW
US small business optimism continued to rebound in Sep: NFIB
US core consumer inflation’s 1-year change holds at moderate 1.7% for Sep: LD