Promising Vaccine Shakes up Stock, Bond, FX Markets

Note  The table above is updated before publication with the latest consensus forecasts. However, the text charts are prepared ahead of time. Therefore there can be discrepancies between the forecasts given in the table above and in the text charts. 

Rates as of 0500 GMT

Election update

The Republicans still refuse to accept that Biden won the election and are continuing to file baseless, ridiculous lawsuits around the country, most of which are getting thrown out of court due to lack of evidence. In Nevada for example they claimed a large number of people had voted who dont live in the state. As it turns out, most of them are military families who have moved elsewhere but still vote in their home state. Give me a break. I still vote in my hometown in Ohio even though I havent lived there since 1979. 

It seems that the Republicans are carrying out this charade simply to boost Trumps ego. The Washington Post had a comment that was widely quoted

What is the downside for humoring him for this little bit of time? No one seriously thinks the results will change, said one senior Republican official. He went golfing this weekend. Its not like hes plotting how to prevent Joe Biden from taking power on Jan. 20. Hes tweeting about filing some lawsuits, those lawsuits will fail, then hell tweet some more about how the election was stolen, and then hell leave.

Of course it does do more damage than that. The political appointee who heads up the General Services Administration…

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