CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 60% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
For institutions
Log in Open account
United Kingdom
midterm5 M

Presidential candidate Joe Biden chose Kamala Harris as his vice president

Macro
Picture of Steen Jakobsen
Steen Jakobsen

Chief Investment Officer

Summary:  The choice of vice president is a safe-bet by Biden but also giving his campaign solid staying power and intellect. Kamala Harris is real person with CV to back it up.

Impact: This is important – More than 90% of all clients I talk to believe Trump will prevail – 90%. The gap between the official polls and the opinion of investors is the largest I have ever seen in my career, leaving the door open for massive “shift” in sentiment as we get closer to election day.

How: Less than 100 days to November election - be long volatility in any product.

Gold: See my piece from yesterday. Gold and all other leveraged markets is harmed by lack of liquidity on the bids, due to massive over-leverage and no cash cushion among investors, making these moves exponentially bigger than they should in orderly and price discovery-driven normal markets. (More on this in the interview I did with CNBC yesterday)

Biden decided on Kamala Harris as his VP – in my non-informed opinion this significantly increase the chances of Biden getting to the White House.

Kamala Harris is as tough as they get. Her background privately and professionally is formed by standing-tall and by being tested - and most important - always coming from behind. She is as real as Trump/Pence and Biden are flaky.

Background - see this behind the person clip from CNN:

https://www.washingtonpost.com/elections/2020/08/11/trump-biden-live-updates/
https://www.politico.com/news/2020/08/11/joe-biden-vp-pick-kamala-harris-393768
https://ig.ft.com/us-election-2020/

12_SJN_1
Source: Financial Times, https://ig.ft.com/us-election-2020/

This content is marketing material. 

None of the information provided on this website constitutes an offer, solicitation, or endorsement to buy or sell any financial instrument, nor is it financial, investment, or trading advice. Saxo Capital Market Ltd. (SCML) provides execution-only services, with all trades and investments based on self-directed decisions. Analysis, research, and educational content is for informational purposes only and should not be considered advice or a recommendation.

SCML content may reflect the personal views of the author, which are subject to change without notice. Mentions of specific financial products are for illustrative purposes only and may serve to clarify financial literacy topics. Content classified as investment research is marketing material and does not meet legal requirements for independent research.

SCML partners with companies that provide compensation for promotional activities conducted on its platform. Some partners also pay retrocessions contingent on clients investing in products from those partners. 

While SCML receives compensation from these partnerships, all educational and research content remains focused on providing information to clients.

Before making any investment decisions, you should assess your own financial situation, needs, and objectives, and consider seeking independent professional advice. SCML does not guarantee the accuracy or completeness of any information provided and assumes no liability for any errors, omissions, losses, or damages resulting from the use of this information.

Please refer to our full disclaimer and notification on non-independent investment research for more details.

Saxo
40 Bank Street, 26th floor
E14 5DA
London
United Kingdom

Contact Saxo

United Kingdom
United Kingdom
Products & pricing
Platforms
Accounts & service
General
Other
Legal

Warning

Trade Responsibly
All trading carries risk. To help you understand the risks involved we have put together a series of Key Information Documents (KIDs) highlighting the risks and rewards related to each product. Read more
Additional Key Information Documents are available in our trading platform.

Saxo is a registered Trading Name of Saxo Capital Markets UK Ltd (‘Saxo’). Saxo is authorised and regulated by the Financial Conduct Authority, Firm Reference Number 551422. Registered address: 26th Floor, 40 Bank Street, Canary Wharf, London E14 5DA. Company number 7413871. Registered in England & Wales.

This website, including the information and materials contained in it, are not directed at, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in the United States, Belgium or any other jurisdiction where such distribution, publication, availability or use would be contrary to applicable law or regulation.

It is important that you understand that with investments, your capital is at risk. Past performance is not a guide to future performance. It is your responsibility to ensure that you make an informed decision about whether or not to invest with us. If you are still unsure if investing is right for you, please seek independent advice. Saxo assumes no liability for any loss sustained from trading in accordance with a recommendation.

Apple, iPad and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc. Android is a trademark of Google Inc.

©   since 1992