Macro: It’s all about elections and keeping status quo
Markets are driven by election optimism, overshadowing growing debt and liquidity concerns. The 2024 elections loom large, but economic fundamentals and debt issues warrant cautious investment.
Chief Investment Officer
Summary: Today's European Central Bank outing sees ECB president Mario Draghi staring down a wall of negative incoming data amidst the lowest EURUSD volatility in history while markets look for a policy response.