RECENT DEVELOPMENTS: A MESSY DEBATE
With only a few weeks to go before the 3 November US elections, suspense in the markets is rising by the day. The presidential candidates went into the final stretch of campaigning with the first TV debate last week, which turned out to be a disappointment. The clash between them became increasingly acrimonious, leaving voters rather confused. Information with regard to the candidates’ programmes was sparse and it was the messy nature of the exchanges rather than their content that caught the headlines. President Trump was stable across many topics, including the economy and health, and feisty as expected. Biden, for his part, showed remarkable stamina, withstanding Trump’s verbal assaults, albeit at the cost of lowering his own debating standards.
A Season to be Joyful
As we enter 2021, we have seen over the past couple of weeks: • Pfizer’s and...