Resumo do Relatório
The new virus stand-off: Eye on the World 21/09/20
S&P 500 at six-week low on underlying healthy rotation from tech to cyclicals. See spike in US political uncertainty and financials headwinds today. Fundamentally view markets well-supported.
HOT TOPICS focus on week ahead interplay between high new virus cases, stalled lockdown easing, and our still-resilient activity composite. G-4 PMI’s to show easing recovery pace but consistent with modest GDP growth. Powell and Mnuchin testify to US Congress, with concerns on Fed further stimulus and fiscal stand-off. Tesla battery day much hyped but with potential cross-sector impacts.
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