Investors return to risk aversion mode as stimulus hopes fade & pandemic surges

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With less than three weeks remaining until the US presidential elections, investors are finding little reason to add risk assets to their portfolios. Stocks have sold off for a second consecutive day and US futures are indicating more losses for Thursday.

After kicking off the day in positive territory, US equities could not hold on to their gains yesterday following comments from Treasury Secretary Steven Mnuchin who said getting a stimulus agreement before the election would be difficult. As a result, the S&P 500 fell 0.7% and the tech-heavy Nasdaq 100 declined 0.8%, led by more than… Read More:

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