Biden takes lead in senate race

Via 538:

These are 538 adjusted polls. If they prove correct then:

  • Biden stimulus will be unleashed leading to…
  • steepening yield curve (possibly sharp);
  • value rotation rocket;
  • possible blow-off and dump of stocks;
  • falling DXY and rising AUD but also an emerging US growth advantage to reverse it;
  • commodities bid and blowoff especially for copper and associated green metals.

It could be a blowoff and bust for all sorts of current trends.

David Llewellyn-Smith
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