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 retreats from daily highs, holds above 1.0800
EUR/USD loses traction but holds above 1.0800 after touching its highest level in three weeks above 1.0840. Nonfarm Payrolls in the US rose more than expected in June but downward revisions to May and April don't allow the USD to gather strength.
GBP/USD struggles to hold above 1.2800 after US jobs data
GBP/USD spiked above 1.2800 with the immediate reaction to the mixed US jobs report but retreated below this level. Nonfarm Payrolls in the US rose 206,000 in June. The Unemployment Rate ticked up to 4.1% and annual wage inflation declined to 3.9%.
Gold approaches $2,380 on robust NFP data
Gold intensifies the bullish stance for the day, rising to the vicinity of the $2,380 region following the publication of the US labour market report for the month of June. The benchmark 10-year US Treasury bond yield stays deep in the red near 4.3%, helping XAU/USD push higher.
Crypto Today: Bitcoin, Ethereum and Ripple lose key support levels, extend declines on Friday
Crypto market lost nearly 6% in market capitalization, down to $2.121 trillion. Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) erased recent gains from 2024.
French Elections Preview: Euro to “sell the fact” on a hung parliament scenario Premium
Investors expect Frances's second round of parliamentary elections to end with a hung parliament. Keeping extremists out of power is priced in and could result in profit-taking on Euro gains.