Overview
- Debate
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- Lots of focus on Trump/Clinton debate
- Will comments be made that will impact market? (Ex: Clinton and EpiPen)
- Both candidates likely will put pressure on drug pricing
- Candidate diverge on healthcare, energy, and taxes
- Race is essentially tied and first debate will not likely have a major impact
- Both opposed to TPP
- Central Banks
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- Overshadowed by election
- Fed has strongly implied december rate hike
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- Three dissenting members last week
- Fed lowered target rate projections (as per usual)
- BOJ left rates unchanged and will target rates at 0% as opposed to negative
- This all boosted stocks last week, but didn’t really last
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