Macro: Sandcastle economics
Invest wisely in Q3 2024: Discover SaxoStrats' insights on navigating a stable yet fragile global economy.
Global Macro Strategist
Summary: Macro Dragon = Cross-Asset Daily Views that could cover anything from tactical positioning, to long-term thematic investments, key events & inflection points in the markets, all with the objective of consistent wealth creation overtime.
Obviously early days, yet early indications show a lot more noise before we get a clear signal
Great points below from John here at the crazy 0330 local time
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"2020 Election Night status before I turn in for a couple of hours sleep:
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So Florida is looking too close & NC indicating that despite Biden's initial lead, balance of the count could favor Trump towards the same signal (or lack thereof) of Florida.
Currently it looks like the only thing that can take the mkt from a clear & smooth pathway is a big Biden win in Texas
Otherwise we may have to count every last bean… & could be in for quite a spell
Remember from a near-term markets' perspective – its less about a Biden or Trump victory… but a bigger margin that points towards a quicker outcome
Currently 1045 SGT 2145 ET 0345 CET – the AP is showing us 131 for Biden vs. 92 for Trump…
Remember Texas is 38 points