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Bloomberg/John Authers/11-3-2020
“There will be no big game-changing shift toward fiscal policy and away from monetary domination. The reason for this is that the Republicans now seem close to certain to hold on to the Senate. There will not be clarity for a while, probably not until Friday, and the risk of protracted legal challenges is very real.”
USAGOLD note: That about sums things up for the time being …… Authers goes on to say that “many market assumptions that have endured for months need to be changed.” In times like these, we would add, one should always be prepared for a political or economic surprise or two.
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