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Macro Briefing: 24 November 2020

Summary:
Key gov’t agency (finally) recognizes Biden’s win: CNNBiden selects former Fed chief Yellen as Treasury Sec: WSJEurozone falls back into recession in November, survey data shows: IHSMGerman business sentiment falls again, suggesting Q4 economic decline: RTRSChicago Fed president: expects rates to stay near zero through 2024: RTRSBitcoin above ,000 for first time since 2017: BBGUS economic growth accelerated in Oct via Chicago Fed index: CFUS PMI survey data: “recovery gains further momentum” in November: IHSM

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Key gov’t agency (finally) recognizes Biden’s win: CNN
Biden selects former Fed chief Yellen as Treasury Sec: WSJ
Eurozone falls back into recession in November, survey data shows: IHSM
German business sentiment falls again, suggesting Q4 economic decline: RTRS
Chicago Fed president: expects rates to stay near zero through 2024: RTRS
Bitcoin above $19,000 for first time since 2017: BBG
US economic growth accelerated in Oct via Chicago Fed index: CF
US PMI survey data: “recovery gains further momentum” in November: IHSM

Macro Briefing: 24 November 2020
James Picerno
James Picerno is a financial journalist who has been writing about finance and investment theory for more than twenty years. He writes for trade magazines read by financial professionals and financial advisers. Over the years, he’s written for the Wall Street Journal, Barron’s, Bloomberg Markets, Mutual Funds, Modern Maturity, Investment Advisor, Reuters, and his popular finance blog, The CapitalSpectator.

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