Markets engaged in a tug of war in an effort to look through nearer-term negative data and news that’s likely to get worse before it gets better.
It was a November of the ages, but will it be a December to remember?
Investors revel in the glow of vaccine green lights as multiple candidates come through the Covid-19 tunnel.
Asia wakes to a double dose of trouble as White House and Fed squabbles fuse with California re-lockdowns.
As we emerge from this winter of despair, the hope of spring should prove eternal – especially for oil.
With the virus again rampant, lawmakers are left with little choice besides locking down and letting economic danger re-emerge from the dark of curfews.
It would have been chaotic week in any case, but the intensifying pandemic might flip the whole picture upside down for any post-election reflation narrative.
Hopeful signs on the stimulus front, but trouble in the Pfizer vaccine supply chain; OPEC makes a deal, but has the rift widened? FX pares risk ahead of NFP.
Stimulus and the Popeye effect; ECB gets ready to meet amid ongoing Brexit headline bluster; Oil is soggy after API inventory data printed another build.
Brexit discussions end with a can-kicking event; Markets get vaccinated as vaccines are getting distributed in the US; Oil’s future looking brighter.