FINANCIAL PLANNING & INVESTING INSIGHTS
Look for Investment Opportunities in a Biden Win
The outcome of next month’s Presidential Election is likely to be of great consequence for the US economy and financial markets. Given former Vice President Joe Biden’s recent gains in the polls, it’s possible that the market narrative driving markets could turn if Biden clinches a victory in November. This narrative shift means that investment strategies that may have worked over the past six months could struggle to maintain their momentum as we move into the coming year. That’s…
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The Fed's Beige Book, due out later today, will be closely watch by market participants. Last month's survey showed that business activity and household spending generally rose across Fed Districts, yet activity generally remained subdued compared to pre-COVID levels.
Solid retail sales data out of #China this month. Why does it matter? This report from @BrookingsInst underscores the growing importance of China's middle class consumers on MNC corporate #earnings.
https://www.brookings.edu/wp-content/uploads/2020/10/FP_20201012_china_middle_class_kharas_dooley.pdf
US building permits will be closely watched by market participants today as this key leading economic indicator has strengthened since April. Even so, data have become increasingly disconnected from broader measures of growth like household spending and sentiment.
China's National Bureau of Statistics will publish its latest report on total social financing later today. The broad measure of lending across the Chinese economy has gained pace this year and is arguably supportive of the country's growth rebound in the third quarter.
Because 2020 didn't already have enough going on, North Korea and its nuclear threat is likely to come back into the forefront post-elections.
North Korea's new missile: political ploy or game-changing weapon?
Observers say that as Pyongyang's capabilities grow, U.S. military planners could become more reluctant to stand up to North Korean coercion in the In...
www.japantimes.co.jp