News and Market Analysis

US Presidential Debate – Markets shrug it off

It seems the new mute button implemented in this debate has had an effect on the markets as well. The US dollar index is holding onto overnight gains whilst the markets are remaining quite flat.

On stimulus talks, President Tump and Biden, like two children in the headmasters office have pointed the finger at one another for not being able to reach a stimulus deal. Trump argues that he has approved three proposals but House Speaker and Democrat Nancy Pelosi wont pass any bills till after the election.

On covid, the President has downplayed resent outbreaks and as always given himself a big pat on the back and a high five by saying “I have been congratulated by the heads of many countries on what we have enabled to do, if you take a look at what we have done in terms o goggles and masks and gowns and everything else, and in particular, ventilators”. This when asked how he will handle a third wave. He continued on to say “It will go away, and as I say, we are rounding the turn, we’re rounding the corner, it is going away”. Not a solution or plan on what he would actually do but Biden didn’t inject too much confidence in his ability to handle a further outbreak. Biden instead deflected by pointing out that 220,000 Americans are dead on Trumps watch. “I will make sure that we have a plan”.

All in all this debate was much more civilized than the first. With fewer interruption than the last especially from the President who had 77 interruptions last time to his name. This was a much needed change for Trump who lags behind his candidate in the polls. Showing a more sophisticated side to him with a strong set of leadership. I would have the president on top for this one. But get the peanuts for this circus is going to be a cracker over the next week.

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