RE: Beware28 Sep 2020 14:59
Hollybean,
"We are now entering the dark tunnel, there will be no light seen for the next 6 weeks,then there will be a sign a peep of light that will decide our destinies,and tgen we might have a clearer picture of just where we are heading,best of luck all lth."
that light you see, it's another train on the same track.
The global banking system is very much under threat yet again. EU in a “Doom Loop” dyor, Hong Kong & HSBC do some research in that one.
USA – the Election determines a US /UK trade deal imho. Trade Deal deadline set for Mid /21, if JB gets in you can kick that on into the long grass. Come Nov 3rd and trading activity is set to increase considerably, lots of volatility.
Brexit - UK still has no deal and No Deal is not priced in…
C-19 - we will not have a vaccine in circulation until late 2021 at the earliest and that is subject to trails being successful even then we are anticipating distribution /administration issues. We cannot even get young to abide by restrictions, a curfew so I don’t think they will form an orderly queue for something they had total disregard for from day one.
A National Lockdown mid Oct, as originally circulated....
BoE - Negative rates still yet to be taken OFF the table. Just a matter of time as they had been assessing the situation, no smoke without fire.
Unemployment – lots of sectors making staff redundant, the latest Govt Schemes will have prompted employers to make decisive decisions as this is not Furlough scheme whereby the Royal Family can apply.
Then of course we have the Hangman’s Noose, the PRA. The banking sector is there priority and II’s, shareholders is not going to sway them, quite the opposite.
Short positions. Any more bad news and no doubt “Shorts” positions will increase.
Results day tide may provide a sell opportunity, may raise other boats in the harbour....
DYOR