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Cheap money still the only thing that matters

November 05, 2020 at 02:27PM

Cheap money still the only thing that matters
Incredible rally in stock markets
The results of the US election were the consensus worst-case possible. The Treasury market is signaling that high fiscal spending isn’t coming and the results are being contested. At the same time, the US hit 100,000 virus cases for the first time yesterday.

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