• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Opinions Op-Eds

Traders’ Voice… The birth of a new era

Comercio Partners by Comercio Partners
November 11, 2020
in Op-Eds
Traders’ Voice… The birth of a new era
Share on FacebookShare on TwitterShare on Linkedin

I cannot find precise words to describe this year. It is almost like one of those never-ending series. I may not be very old, but I believe this year would be at the top of the rank when describing one of the most historical years ever in the future. Could you have ever imagined that a United States sitting president would refuse to concede after losing an election? (Your guess is just as good as mine. Only in 2020!!) What a weekend it was! There is this feeling of hope an underdog’s story gives you. It makes you believe that there is nothing you cannot achieve if you put your mind to it and never give up. That’s the feeling I got when former Vice President Joe Biden, now President-elect, and Senator Kamala Harris, now Vice President-elect, made history by winning the United States Presidential election with over 74.7 million votes, more than anyone who has run for both offices in the United States of America.

Joe Biden will become the 46th president and the oldest man (78 years old) ever sworn into office, securing 273 votes thus far from the Electoral College after Pennsylvania was called in his favour. The race was however much closer than many Democrats, Republicans and pollsters had expected. The result also provided a history-making moment for Senator Kamala Harris of California, who became the first woman and first woman of color, to serve in one of the country’s two highest offices. I guess it is true what they say then, America is a place where dreams come true.

While most of the country was in a celebratory mood last weekend, President Trump had refused to concede losing the election. I will not say I’m surprised because I saw this coming as he took to Twitter, tweeting “WON THE ELECTION” and “71,000,000 Legal Votes. The most EVER for a sitting President!” Trump’s campaign team expects to continue its effort to dispute the election results with the next round of lawsuits this week. But so far, they have been unable to point to any credible evidence of voter fraud that would alter the outcome of the race. It will be interesting to see how things turn out. Will Trump stepdown like Olenna Tyrell when Jaime Lannister’s army sacks Highgarden, offering Olenna a peaceful end? Or will it be a “Dracarys” moment before Trump steps down? (Scenes from Game of Thrones)

RelatedStories

Trump halts tariff hikes on most trade partners, raises China duties to 125% 

Trump threatens 35% tariff on Canada over fentanyl and trade retaliation 

July 11, 2025
Trump pivots US policy toward Africa from aid to trade in meeting with African leaders 

Trump pivots US policy toward Africa from aid to trade in meeting with African leaders 

July 10, 2025

Before we address the question of what a Joe Biden Presidency will mean for markets, I will leave you with this excerpt from President-elect Joe Biden Speech.

 “As my grandpop — our grandpop, he said when I walked out of his home when I was a kid up in Scranton, he said ‘Joey, keep the faith.’ And our grandmother when she was alive, she yelled, ‘No, Joey, spread it.'”

 What a Joe Biden Presidency Will Mean for Markets?

 The global financial markets have spent most of this year clawing its way back from a gut-wrenching sell off, triggered by the COVID-19 outbreak and economy-shutdown policies to slow the pandemic. The question now is, will a Biden victory sustain the recovery path? Let us begin with his proposed policy around energy since our revenue projection and FX depends on our oil prices.

Renewable energy has been one of Biden’s rhetoric during his presidential campaign. Biden vowed to bring U.S. emissions down to net-zero by 2050, including bringing emissions from the power industry to net-zero by 2035 – a goal that will be tricky to accomplish without a Democratic majority in Congress. We will most likely see the U.S. rejoin the Paris Climate Agreement that Trump pulled away from, saying it could hurt the U.S. economy and Biden banning issuance of new drilling permits on federal lands and waters as promised, to fight global climate change. These will eventually reduce supply from the U.S, providing support for crude oil in a Biden era.

On global negotiations, we hope to see more stability. It remains unclear what combination of co-operation, competition, and confrontation Biden will use to engage with China and the rest of the world. Biden has shown an interest in multilateral diplomacy like previous Democratic administrations, and we expect this to play out in his first tenure.

S&P500

Vaccine in play…

While markets opened higher on the back of the Biden election win, the U.S. pharmaceuticals’ giant, Pfizer in Kalamazoo, Michigan, announcement of its vaccine being “90 percent effective” against Covid-19 infections further strengthened the global rally. The FTSE closed 276 points or 4.7% up at 6,186, on Monday while the S&P 500 opened in record territory in reaction to the vaccine developments. Remember Zoom that surged 100% during the early stages of the pandemic? It was down by 18% at the open of U.S. equities market on Monday as a majority of the stocks which have hit record values this year, supporting people as they work and shop from home, witnessed selloffs.

Where is the money?

The news of the vaccine coupled with a larger stimulus package could sustain a risk-on sentiment in the coming weeks that will lead to yield hunting in SSA papers.

NIGERIA EUROBOND

ANGOLA EUROBOND


Follow us for Breaking News and Market Intelligence.
Tags: Covid-19 vaccineDonald TrumpJoe Biden
Comercio Partners

Comercio Partners

Related Posts

Trump halts tariff hikes on most trade partners, raises China duties to 125% 
Economy

Trump threatens 35% tariff on Canada over fentanyl and trade retaliation 

July 11, 2025
Trump pivots US policy toward Africa from aid to trade in meeting with African leaders 
Economy

Trump pivots US policy toward Africa from aid to trade in meeting with African leaders 

July 10, 2025
Trump halts tariff hikes on most trade partners, raises China duties to 125% 
Business News

Trump courts African mineral-rich nations, snubs Nigeria and South Africa in strategic White House summit 

July 9, 2025
Trump halts tariff hikes on most trade partners, raises China duties to 125% 
Economy

Trump sets August 1 tariff deadline as global trade talks intensify 

July 7, 2025
Trump imposes 14% tariff on Nigeria’s export to the United States of America
Economy

Nigeria to face additional 10% tariff for aligning with BRICS – Trump

July 7, 2025
United States extends period for work permits for non-citizens
"Japa"

US to strip citizenship from naturalized Americans convicted of crimes 

July 1, 2025
Next Post
COVID-19 vaccine from Russia

Covid-19: Russia says its Sputnik V vaccine is 92% effective

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • Why many Nigerian MSMEs may be locked out of access to credit – Expert 
  • CBN opens application for Knowledge Acceleration Programme to shape future research priorities 
  • CBN to decide Nigeria’s interest rate policy on July 22 MPC meeting 

Follow us on social media:

Recent News

MSMEs, stock market

Why many Nigerian MSMEs may be locked out of access to credit – Expert 

July 13, 2025
CBN, MPC

CBN opens application for Knowledge Acceleration Programme to shape future research priorities 

July 13, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics