The US President Donald Trump came across frustrated and defensive in Thursday night's town halls in lieu of the cancelled second US presidential debate.
The Democratic nominee Joe Biden, meanwhile, did little to instil confidence, a touch nervous and dithery while doing his best to denounce the White House's handling of the virus.
Trump has proclaimed that the nation was turning the corner on the virus, despite having recently contracted the virus in recent times.
Trump was specifically asked whether he took a test the day of the Sept. 29 debate.
Trump didn't handle the direct question well, saying "possibly I did, possibly I didn't," which harmed his credibility.
The debate's rules required that each candidate, using the honour system, had tested negative prior to the Cleveland event.
Overall, it was the differences between how the two candidates carried themselves that media will push in the subsequent press on Friday.
The questions over the QAnon conspiracy group will be particularly damaging, as he complained about the question, seemingly uncomfortable and defensive.
On the stimulus, he was assertive and blaming House Speaker Nacy Pelosi but claimed that if he can get an agreement with her, the Republicans will agree to it.
As for tax, he was put on the spot but he said he has a very small percentage of debt (400 million dollars) compared to what he owns such as his real estate.
''I am extremely under levered''.
Meanwhile, in the blue corner, Biden was more passive and calm, charming the audience. However, he seemed nervous and less presidential.
The former vice president struggled with a stutter in his youth, and on the night, he seemed to stutter slightly at the beginning of the show. he even hard a handful of notes of prompts to help him through the night.
Biden was promising to roll back tax cuts for the wealthiest Americans claiming it would save, "let me see...$92 billion," he said.
Market implications
Either way, no matter who is elected, a large stimulus package is eventually to be agreed in Congress which will ultimately be needed to lift stocks.
Meanwhile, the US dollar is making a comeback as the uncertainty deters investors from taking on risk.
-637384085273024330.png)
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
EUR/USD climbs to 10-day highs above 1.0700
EUR/USD gained traction and rose to its highest level in over a week above 1.0700 in the American session on Tuesday. The renewed US Dollar weakness following the disappointing PMI data helps the pair stretch higher.
GBP/USD extends recovery beyond 1.2400 on broad USD weakness
GBP/USD gathered bullish momentum and extended its daily rebound toward 1.2450 in the second half of the day. The US Dollar came under heavy selling pressure after weaker-than-forecast PMI data and fueled the pair's rally.
Gold struggles around $2,325 despite broad US Dollar’s weakness
Gold reversed its direction and rose to the $2,320 area, erasing a large portion of its daily losses in the process. The benchmark 10-year US Treasury bond yield stays in the red below 4.6% following the weak US PMI data and supports XAU/USD.
Here’s why Ondo price hit new ATH amid bearish market outlook Premium
Ondo price shows no signs of slowing down after setting up an all-time high (ATH) at $1.05 on March 31. This development is likely to be followed by a correction and ATH but not necessarily in that order.
Germany’s economic come back
Germany is the sick man of Europe no more. Thanks to its service sector, it now appears that it will exit recession, and the economic future could be bright. The PMI data for April surprised on the upside for Germany, led by the service sector.