October Macro Insights Livestream
To read the full report, click here to Download the PDF.
We have changed the focus of our October Livestream from regional funding needs to the mounting uncertainty around the US presidential elections, scheduled less than a month from now. President Trump’s hospitalisation after testing positive for Covid-19 brings up an assortment of scenarios. We don’t think the functioning of the US government, including various economic support measures, will be affected, given the institutional depth in place. We are however concerned about information transparency and possible setback to the election process. Even if he is released from the hospital in a day or two, will there be full information regarding Trump’s health? Will executive orders signed by Trump while in hospital be challenged? Could partisan state legislators try to delay elections on this pretext? Issues such as the Supreme Court nomination of Amy Barrett, vaccine approval, pending stimulus measures, and likely immigration measures, have all been made more complicated by the outbreak from the White House event last week. As far as the presidential election, early in-person voting and mail-in voting, running at record numbers this year, now have a an element of information asymmetry with this October surprise.
The information set out in this website ("Information") is not directed to, or intended for distribution to or use by, any person or entity that is a citizen or resident of or located in any locality, state, country, or other jurisdiction (including but not limited to citizens or residents of the United States of America) where such distribution, publication, availability or use would be contrary to law or regulation. This Information is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction (including but not limited to the United States of America) where such an offer or solicitation would be contrary to law or regulation. This Information is published for general circulation only and does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person. Visitors accessing this website should always seek advice from an independent financial adviser regarding the suitability of the Information referred to herein (taking into account the specific investment objectives, financial situation and/or particular needs of each person in receipt of the Information) before making any investment and/or any purchase in reliance of the Information. Please refer to the actual research publications for important disclaimers and disclosures, where applicable.