Fiscal Cliff + Peak Fed = Second Leg of Correction
Comment of the Day

September 21 2020

Commentary by Eoin Treacy

Fiscal Cliff + Peak Fed = Second Leg of Correction

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Eoin Treacy's view

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The death of Justice Ruth Bader Ginsburg has injected an additional element of contention into the US Presidential Election competition. It therefore further reduces the potential for an additional stimulus in the short term. Meanwhile, central banks have appeared reticent to boost liquidity. The partial rebound in economic activity has improved the velocity of money reading but it is raw liquidity measures that stoke leveraged bets.

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