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MACRO-- The Long Climb Back!

机译:宏观 - 漫长的攀登!

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For the next 90+ days, focus will be on the new administration of President Joe Biden. Certainly, his new executive team will establish a more traditional and stable world order. This will drive confidence, a muchneeded factor in a year that will continue to be dominated by the COVID-19 pandemic. It greatly helps that only four years ago President Biden was the Vice President and at the centre of the action with President Obama. This will hopefully mean that a new team will be effective within months with control of the Senate (albeit razor thin) and control of the House, so that the new stimulus package can be pushed into law. There will still be some serious negotiation to be done with GOP senators.
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