Investec's Shaw: Indecision in Markets From U.S. Politics

The transcript discusses market indecision due to the US elections, focusing on the closing polls between Hillary Clinton and Donald Trump. It examines the reliability of US polls, noting their historical accuracy in predicting Electoral College outcomes. The conversation shifts to Donald Trump's recent momentum and the potential impact of an email scandal. Finally, it covers the DOJ's inflation targets, market reactions, and the yen's performance, highlighting a modest downward shift in inflation projections.

What is causing the current indecision in the US markets?

• A new trade agreement with China

• The closing polls between Hillary Clinton and Donald Trump

• A sudden drop in stock prices

• An unexpected rise in interest rates

Why is it challenging for US pollsters to predict the Electoral College outcomes?

• Pollsters lack accurate data

• Voter turnout is unpredictable

• The Electoral College votes are not public

• The Electoral College system is complex

What recent event might affect Donald Trump's momentum in the election?

• A new trade policy

• A health issue

• The latest email scandal

• A financial crisis

What action did Governor Crowder take regarding inflation targets?

• He pushed back the inflation target

• He eliminated the target

• He maintained the current target

• He raised the inflation target

How did the markets react to the changes in inflation forecasts?

• They experienced a major downturn

• They showed a significant increase

• They remained quite cool

• They were highly volatile