It shouldn’t have come as that great a surprise to any of us that markets would be choppy ahead of the US Presidential election in November. What were we expecting to happen? A cake-walk?
Let’s not forget – as if we can even start to forget – that we have a US president who has chosen to deliberately ignore the dangers of COVID-19. He has shunned the advice of health professionals and allowed the deadly pathogen to run rampant across the country.
Aside from the pandemic, the uncertainty over who will occupy The White House for the next four years come January 2021, adds another layer of uncertainty for markets to handle. How will Sino-US relationships develop next year and beyond is anyone’s guess.
As if that wasn’t already enough, we have a global economic recovery to cope with. How might the world recover from something as devastating as the coronavirus? And on that note, what do central banks have left in the tank…....