EUR 23.44 For Business Accounts Only

The Weekly Track through-the-looking-glass

- The Weekly Track – Through the Looking Glass by Bob Savage
http://track.com/articles/the-weekly-track-through-the-looking-glass/

We all want to be able to see the future, particularly those that trade, but the ability to see around the corner sometimes proves impossible. Even knowing the time can be tricky enough – as the US has finally fallen behind with Daylight Savings time this weekend. The election, the FOMC, the BOE and crude oil – that all dominated the week just passed. The question is whether it will matter next week. With the uncertainty of the US election about to end, will the nervous trends that look so similar to May 2014 and the taper-tantrum continue?

The role of bonds to stocks to emerging markets and commodities is in play from policy both at the government and central bank level. The next week is a turning point in the uncertainty of policy but it won’t end the conflicts and doubts about the growing world debate over globalization. The world will get a US election result but it won’t get a consensus on how to growth more sustainably and more fairly. These doubts are going to be reflected in the US local elections and in the make-up of the US Senate and House. The polls have tightened over the last week but as we have seen in the past, the ability for any poll to capture what happens in the voter booth has changed over the last 3 years and