(BLOG) Week in Pictures: Oct 5, 2020

As we get closer to the election, sector performance and volatility divergence in the equity and credit markets is growing. The post-election macro outlook is likely to be dominated by sector and asset class rotation rather than out-sized moves at the broad index level.

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(BLOG) Week in Pictures: Sep 28, 2020

The Fed would like to see higher inflation. But wanting it more is not a policy. Other than “lower for longer” and more QE, it needs help from fiscal policy and from changes in global trends that are out of its control. This week saw further capitulation of inflation-sensitive assets, such as stocks and precious metals. Election jitters are growing and the market will have a hard time developing a strong trend in either direction before the results are known, which may not be on Nov 3rd.

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