The new vaccines for Covid-19 with high efficacy (BioNTech and Moderna) will focus attention on the technology platform (mRNA) and the huge increase in computing power that has underpinned the…
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President Trump has pledged to visit Georgia, possibly this weekend, to help with the campaigns for the Senate run-off. Whether he tips the balance and helps secure the Senate for…
The modest sell-off in Treasuries has been cut short by a spike in Covid-19 infections. But the decision to end ‘vital’ Fed programmes has not helped. Mr Mnuchin has said…
The US stock market closed at a fresh high yesterday. President Trump’s admission that he may be leaving helped. But the catalyst for last week’s rally was, of course, the…
Mark Meadows, the outgoing White House chief of staff, has tested positive for Covid-19. The number of new cases for Covid-19 reached a record 132,540 yesterday (November 6th), up 30.5%…
Few sectors were spared the heavy selling in equities last week, as the markets react to the prospect of tighter Covid-19 restrictions and a ‘blue wave’. The losses in IT…
Joe Biden may have a commanding lead in the polls, but the campaign has a long way to run. It is not over, and for stock markets, there is a…
Europe’s politicians are panicking about US tech again. The S&P 500 (+7.8%) has outperformed the Euro STOXX 600 (-11.6%) by a huge margin so far this year. Information technology shares…
The US and China offer a stark contrast in their approach for dealing with Covid-19. China exerted tight control over its citizens, stifled the virus and is now benefitting from…
In 1995, a little-followed (at the time) indicator provided a warning that the inflation landscape was changing. The durables component of the consumption deflator was not on the radar screen…
