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1249 days ago

Traveling to China is becoming more and more difficult

According to Effy Zhang: "Several Chinese embassies have issued notices that starting Nov 6, all passengers on flights to China must present a negative nucleic acid test for Covid and a negative serum IgM antibody test, sampled locally 48 hours before boarding." As Zhang notes considering, most countries don't do both of these in that short time span, by the looks of it it will be difficult travel to China.Source: The Market Ear, 

#Macro
Traveling to China

1249 days ago

This weekend' Barron's cover: "No matter who wins, investors can rest easy knowing there will still be long-term opportunities in the market —and Jerome Powell will still be running the Fed"

Should we interpret this as a sign that everyone is too complacent with the Fed's ability to "save" the markets? 

#Macro
This weekend' Barron's cover

1250 days ago

Some countries are still fending off the resurgence of Covid while others are forced back to lockdown

Source: FT 

#Macro
7-day average of % of tests that are positive

1250 days ago

Lockdown in Paris: Footage shows record-Breaking traffic gridlock hours before the start of the "half-lockdown"

Here's how The Independent summarized the chaotic situation late Thursday into Friday: "As of midnight Parisian time, people were ordered to stay at home except for essential work or medical reasons, resulting in many relocating to more rural areas to wait out the month-long lockdown, the BBC reported. Video posted to Twitter showed never-ending streams of crawling headlights on every road in every direction. There also were reports of restaurants jammed with diners enjoying a last meal out for the time being".

#Macro
Footage shows record-Breaking traffic gridlock hours before lockdown

1251 days ago

The Swiss National Bank reported a profit of CHF 15.1 billion for the first three quarters of 2020

"The profit on foreign currency positions amounted to CHF 5.3 billion. A valuation gain of CHF 9.1 billion was recorded on gold holdings. The profit on Swiss franc positions was CHF 1.0 billion. The SNB’s financial result depends largely on developments in the gold, foreign exchange and capital markets. Strong fluctuations are therefore to be expected, and only provisional conclusions are possible as regards the annual result" - source: SNB

#Macro
SNB Income Statement
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