“For those who don’t have something good to say, don’t say nothin in any respect.”


That’s just about how I felt concerning the first presidential debate, which is why it hasn’t been coated within the BMJ E-newsletter.

The vice presidential debate final evening was notably higher. At the least the candidates mentioned the problems reasonably than hurling private assaults, however that may be a fairly low bar to set for individuals who are purported to be operating the world, particularly within the time of a disaster.

So far as the markets are involved, neither of the 2 earlier debates nor the one scheduled for subsequent Thursday ought to have any impression on asset costs.

Not like most elections, there are only a few undecided voters proper now, and the candidates know that the measure of successful is the variety of individuals they encourage to really vote.

At this level, I’m not even certain the end result of the election, at any time when it could be, may have that nice an impression for Mr. Market, so long as the result’s decisive.

I’ll notice that the final reply from Vice President Mike Pence was actually trigger for alarm. When requested if he would settle for the end result of the election and what position he’d be prone to play ought to President Donald Trump refuse to cede energy, his reply was clear as a bell. “We’re gonna win.”

At this level, a dispute appears virtually unavoidable, not as a result of anyone would possibly refuse to face actuality however as a result of actuality is subjective.

As a result of menace of COVID-19, an awesome variety of individuals shall be voting by mail this 12 months, virtually all of which shall be votes for the left. The bottleneck that’s prone to be triggered on the submit will imply that many is not going to be counted by November 4, which is when the election outcomes are historically determined.

Cease me if I’m simply stating the apparent right here, however the argument on that day appears merely inevitable. Republicans will say “look, we received” whereas Democrats will say “however all of the votes haven’t been counted but.”

Little doubt it’s because of this that Mark Zuckerberg has made the next assertion….

By the way, that is additionally one of many foremost causes that Trump is so eagerly making an attempt to get his Supreme Court docket nomination rushed by way of. Such a dispute can solely be resolved by the very best court docket within the land.

Bringing it again to costs, it virtually looks like the market doesn’t actually care who wins in any respect. All buyers care about is stimulus, which each events appear prepared to offer amply after the election.

Perhaps a bit extra from the left, however that’s non-consequential. What actually issues right here isn’t who wins the White Home, however who wins Congress. Or, extra importantly, whether or not the identical social gathering that takes the White Home additionally takes each homes of Congress.

This was the case that triggered markets to rocket in 2016 when the Republicans received all three homes and had two full years to go by way of the whole lot that they’d been itching for throughout eight full years of President Barack Obama.

The 1%

Square buys 50 million in bitcoin

It’s a bit surreal to see gigantic company entities now going knee-deep in bitcoin. Not that we couldn’t have seen this coming.

Multiple analyst has predicted that corporations would proceed to undertake the world’s most outstanding digital forex.

Nonetheless, nothing ever occurs unexpectedly, and the motion within the worth on the again of this announcement is barely noticeable on the long-term charts, the place we proceed to trace an ever-tightening consolidation wedge.

Bitcoin USD index

Understand that the character of this explicit wedge will make it tough to inform as soon as we get away, particularly to the upside.

Whereas the underside yellow line is clearly outlined, each analyst will draw the higher line with a barely completely different angle.

Subsequently we are able to solely actually depend on the psychological limitations of $11,000 and $12,000, respectively.


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