Market Quick Take - August 13, 2020
Equities stormed back higher yesterday, wiping away the wobble of the previous day that was likely inspired by the sharp backup in long US yields earlier this week. A solid US 10-year auction helped yields ease slightly lower. In Europe, the DAX managed a close back above the pivotal 13,000 level, even as EURUSD rebounded to 1.1800
Presidential candidate Joe Biden chose Kamala Harris as his vice president
The choice of vice president is a safe-bet by Bidden but also giving his campaign solid staying power and intellect. Kamala Harris is real person with CV to back it up.
Market Quick Take - August 12, 2020
The S&P 500 benchmark fell for the first time in eight days yesterday while the technology-heavy Nasdaq traded lower for a third day. Another rise in US bond yields ahead of three key bond auctions weighed on all markets with a correction in gold and silver turning decisively ugly. News that stimulus talks have reached a stalemate in Washington also weighed on the markets.