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18 Nov 2020
Trump fires election security head Krebs
The incumbent US President Donald Trump has sacked the election security head Chris Krebs.
Meanwhile, investors will ignore Trump's unwillingness to concede and instead focus on te Federal Reserve in the hope of unprecedented stimulus measures.
President-select Joe Biden's economic plan is important as well.
However, the critical risk is that he Biden might not be able to get as big a package through Congress depending on the outcome of the two special election runoffs in January deciding who will win the Senate majority.
If the Democrats do not win both seats, the Republicans will continue to have the majority and hence we expect only a small relief package because the Republicans then can block it in Congress.