Market was mainly aimless as we lead the world on the bounce yesterday. Global markets are going to stand on the sidelines and see what happens in the biggest election circus of them all. The US election has been ugly and the outlook is for even more mess as we get to the final lap. Post-election outlook remains murky irrespective of who wins while any loss may lead to some ugly scenes in an overly negative campaign. When it comes to this US election, nothing can be discounted and nothing can be assumed. The most likely outcome remains a Democrat presidency with Republicans holding the house. The bond yields, volatility indices and market fear sentiment have topped. We continue to see risk in the short term while medium to longer term risks are subsiding. Central banks are on the sidelines while US election circus is about to hit fever pitch level!!! For the full report… (VIEW LINK)
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