The president-elect must safeguard the Fed’s lifeline for companies and municipalities.
The resurgent coronavirus has brought the U.S. economy back to the brink of contraction, the usually upbeat forecasters at Goldman Sachs have said.
Rebalancing flows may lead to an exodus of around $300 billion from global stocks by the end of the year, according to JPMorgan Chase & Co.
BlackRock sees a tough winter ahead before vaccine deployment potentially rides to the rescue in 2021.