Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.President Donald Trump and Democratic challenger Joe Biden are the "diametric opposites" of what the US economy needs, Saxo Bank's chief economist said on Thursday.
Saxo Bank outlined three distinct outcomes between October and the presidential inauguration on January 20.Visit Business Insider's homepage for more storiesPresident Donald Trump and Democrat nominee Joe Biden are the "diametric opposites" of what the US needs, Steen Jakobsen, Saxo Bank's chief economist said on Thursday.
Saxo Bank outlined three outcomes between October and the presidential inauguration on January 20, 2021:, to which the bank attaches a 40% probability, could see a spike in volatility, a broad equities sell-off from uncertainty, a weaker US dollar, and stronger gold., with an equal 40% probability, could also bring a sell-off in equities , a rally in green-energy stocks, and higher interest rates as both houses of Congress would hold the "power of the purse.
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