Great session for the local bourse as we continue to process what is looking increasingly like a very protracted US election outcome.
Episode description
Election gridlock is being perceived as a positive by markets, with a delay in the implementation of the leftist policies of the Democrats around tax and tighter regulation on the tech giants. The ASX 200 closed up 1.28% today with real estate, healthcare and communications leading the way. Meanwhile, Asian markets also liked the prospect of election gridlock, with the MSCI ex-Japan hitting its level since March 2018. We've got the FOMC meeting overnight but expectations are that the Fed will sit tight until the presidency is settled. Our top three VODs today are:
Three stocks for the long suffering value trade
A Biden administration will give us certainty
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