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Both equities and bonds traded in what could loosely be described as range bound trading during the last week. Bonds appeared to bottom while equities struggled to hold onto recent highs.
Markets in the U.S. will be closed on Monday.
A peaceful transition of power from Trump to Biden could set the stage for market participant optimism. It appears likely that the Biden administration will focus on passing additional stimulus and refocusing efforts to control the spread of COVID. Both would be positive for real economic activity in the near term.
Best
Cory Haupt
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