Dear client,
We hope you are all well.
Although the count of the American elections continues to lengthen, everything points to the fact that the winner will be Biden. The victory has been received with strong rises in the stock markets and a generalized fall of the dollar. Although Trump is going to go to court to try to challenge the results, the market does not think that he will be very successful, at least for the time being. With the Democrats failing to gain a majority in the Senate, it seems that the fear of tax increases is somehow dissipating. While the only focus this week has been on elections, at some point the market will again look at the health situation, which continues to deteriorate in many countries. The market still thinks that the actions of the central banks and governments will be enough to relaunch the economy and create more inflation.
Week of decline in portfolios. Once again it is the weakness of the dollar that most affects us negatively. However, it has been a week of many ups and downs, which we have taken advantage of to close quite a few profits. The combination of high closed profits and falling portfolios means that the current opportunity is very good. We expect that in the coming weeks there will still be a lot of movement, which will gradually be reflected in the portfolios.
Don’t hesitate to contact us for anything you may need.
Best regards.
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@GrantiaCapital