Markets fretted at the prospect of a Democrat controlled Congress today which ushers the way for higher taxes and increased regulation. episode artwork

EPISODE · Jan 6, 2021 · 14 MIN

Markets fretted at the prospect of a Democrat controlled Congress today which ushers the way for higher taxes and increased regulation.

from The COB from ausbiz

Markets fretted at the prospect of a Democrat controlled Congress today which ushers the way for higher taxes and increased regulation. The XJO index closed down 1.1%. Yield sensitive sectors were particularly hard hit, as were companies with high valuations i.e. tech and healthcare. Energy stocks were the exception to the rule following Saudi Arabia agreeing to cut oil production through March. Asian markets were down on reports of a further clampdown on civil disobedience in Hong Kong with authorities rounding up dissidents...The top three VODs are:Anthony Scaramucci: Bitcoin is "digital gold" that has "reached escape velocity"Fire under the oil price puts energy stocks in favourYou say Tesla, Core Lithium says share price boom Hosted on Acast. See acast.com/privacy for more information.

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Markets fretted at the prospect of a Democrat controlled Congress today which ushers the way for higher taxes and increased regulation.

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