The Election Aftermath
The US Presidential result will shape the world. Here's my perspective on what we can expect.
10 US Full trading sessions left between now and Election day
Gold and crypto prices surged early on but ended up being dumped. Crude and bond yields moved higher together along with the dollar as prediction markets and polls pull increasingly towards Trump.
The Dow was the worst in the glue factory closing down 344 pts or 0.8% while the Nasdaq managed a small 50pts or 0.27% gain.
Meanwhile in Bond land the 2yr yield was back above 4% while the 10yr was back above 4.18%
Both still way below the current Fed fund rate of 4.75% but it suggests the amount of future rate cuts is dwindling to around 2-3 cuts.
Bitcoin SPOT ETF flows have been consistent scoring positive inflows over the last 8 days. Spot BTC is USD$67,687 or AUD$101,685
Fun fact: There are just 10 US Full trading sessions left between now and Election day...
Happy Tuesday!
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