Saturday, 3 October 2020

INVESTORS LITTLE MOVED BY THE PRESIDENTIAL DEBATE

 

Donald Trump and Joe Biden

Hussein Sayed,

Chief Market Strategist at FXTM

 

There is no doubt whoever becomes the next President of the United States of America will influence investor's decisions, but it seems we are no clearer in knowing who that will be after the first presidential TV debate.

 

Fellow #Nigerians, are you aware that our #crude #oil will soon become useless? Yes, it will, in no distant time, become #valueless owing to the fact that the #countries that rely on it as their only source of #energy are developing more affordable #alternative sources of energy. When this finally happens, what will we do? How are we currently preparing for this imminent #economic doom? Which other sector will continue to stabilize our economy? Nigerians, the only #solution is developing the #agricultural sector. In fact, this is the only #solution. Very soon, the major source of revenue will become agriculture and #agro-exports. How are you positioning yourself to play big in agro-export #business? Why don’t you get a practical manual that explains the stages of export trade from #processing and #packaging of #commodities to receipt of #payment by the #foreign buyers? Yes, arm yourself with the #contemporary #trends in #export #trade. This manual explains export #operations, export #management, export #documentations and methods of #payment in export trade? Yes, it is a contemporary step-by-step guide to export trade. It tells all the contemporary dynamics in export trade. To get it, click on this link: http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html   

 

After a chaotic and messy debate between President Donald Trump and Democratic nominee, Joe Biden, where both candidates spent most of their time trading personal insults, markets didn't initially like what they were seeing. The American people too were left frustrated and stock market futures sold off. However, the impact was short lived as other factors kicked in on Wednesday to reverse overnight losses and all major US equity indices ended up in positive territory for the day.

 

Economic data continued to surprise to the upside. The private ADP report showed US companies added 749,000 jobs in September, well above expectations of 649,000. If today’s initial jobless claims along with ISM Manufacturing also surprise higher, there is a good chance that Friday's non-farm payrolls report will be encouraging.

 

Extra-smart #Nigerians are getting shares of the new #Lagos by acquiring #plots, acres and hectares of land at #Ibeju #Lekki . What are you waiting for? Click: http://www.tectono-business.com/2019/07/have-share-of-new-lagos-by-investing-in.html

 

The prospect of a new coronavirus stimulus deal was another source of support to risk assets. Treasury Secretary, Steven Mnuchin, said yesterday he is hopeful about striking a deal with the Democrats on a new package, and that's likely to be the most important factor for markets in the days ahead.

 

Even if the jobs data reflects a brighter picture of the US economy, without further stimulus that trend will come to a halt as the latest large corporate announcements indicate dark clouds gathering on the horizon. Disney announced it would lay off 28,000 employees across its US resort business, Royal Dutch Shell said it would cut up to 9,000 jobs by the end of 2022, Marathon Petroleum began another round of firing and American and United Airlines are on the way to furloughing 30,000 workers if the government doesn't provide additional support. And that list of job cuts continues to grow. If Congress does not act fast enough, expect to hear more of these announcements.

 

Do you know that the kind of #vehicle you drive goes a very long way in affecting your #image? Yes, your vehicle tells people, including your #prospective #clients, how #comfortable you are. #Comfort is directly proportional to #competence. Of course, if you are competent in what you do, you will be comfortable enough to afford at least a #brand #new vehicle. Have you ever wondered why #banks and other #financial #institutions give their #marketers brand new cars? Your level of comfort goes a long way in determining if your prospective clients will trust you. The reason why you have not won those contracts or deals could be because your prospective customers think that you are incompetent owing to how worn-out your car is. Yes, the onus is on you to acquire brand new cars. Top sales people buy new cars every year. Do you know what? That worn-out vehicle that you currently drive can look like a brand new one. We, at GOF AUTOS LIMITED can make it possible via total #body #work, #refurbishing, #priming, #painting with the best #paint in the #world called #SIKKENS #PAINT, #OVEN #BAKING with a world-class oven and #BUFFERING. #Blue-chip #companies, #CEOs and top #managers give us all their worn-out vehicles for body work. You, too, can enjoy our world-class services. For details about GOF Autos Limited, click: http://www.tectono-business.com/2017/06/gof-autos-limited-best-automobile.html

 

Regarding the Presidential election, while Joe Biden continues to lead in the polls, investors also need to keep an eye on the Senate. If Democrats manage to take 50 or more seats, which latest polls are indicating, there will be a high chance of a clean Democratic sweep which markets will not like, at least in the short term. Higher taxes and more regulations will become a reality and that's negative for equities. As we head into November, expect the election risk premium to grow further and hence drive more volatility in asset prices.

No comments:

Post a comment