The baby and the bathwater: Risk-off dominated global market activity this week as investors dumped every slice of our standard lineup of the major asset classes as of today’s close (Oct 30).
Predicting the end of the secular decline in interest rates has been a hardy perennial — and perennially wrong. Given this history, any observer of bond yields must be wary of declaring that a 40-year trend has reached its end.
US economy posts dramatic rebound in Q3–GDP rose at record rate: CNBC
Analysts worry that US economic rebound is fading: BBC
Early US voting rises to a record 80 million: Reuters
US coronavirus cases rise above 89,000 a new record: BBG
Europe’s rising coronavirus infections and death are a warning for the US: WSJ
Jobless US workers face potentially massive defaults: Politico
Amazon expects $4 billion in Covid-19-related expenses: CNBC
US pending home sales fell in Sep after four straight monthly gains: Reuters
Big Tech’s profits continue to surge: NYT
US jobless claims continue to fall, dropping to pandemic low: CNBC