Daily Archive: October 10, 2020

Why investors shouldn’t necessarily care who wins the White House in November

With the presidential election just weeks away, you can expect to be inundated with predictions about how the winner will impact the markets and the economy.

It may be entertaining to guess how the outcome of the election will impact your wealth, but this becomes a futile exercise once you realize how much there is that we don’t know about what comes next. Not only do we not know who is going to win but also:

  • We don’t know which policies they’re going to implement while in office.
  • We don’t know how amenable the other party will be to those policies.
  • We don’t know how the person in office will impact consumer spending and sentiment in the economy.
  • We don’t know which sectors or industries will be the biggest winners and losers.
  • We don’t know how investors will react or what they have already priced in regarding the outcome of
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Face masks made compulsory in public in Tehran as COVID toll rises By Reuters

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© Reuters. FILE PHOTO: Iranians wearing protective face masks ride the metro, following the outbreak of the coronavirus disease (COVID-19), in Tehran

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(Reuters) – Mask wearing has become mandatory in public in the Iranian capital and violators will be fined, President Hassan Rouhani announced on Saturday as the country battles a third wave of coronavirus infections.

The daily death toll from COVID-19 reached a record of 239 this week in Iran, the worst hit country in the Middle East.

On Saturday, the Health Ministry reported 195 deaths in the past 24 hours, taking the total toll to 28,293. There were 3,875 new cases, ministry spokeswoman Sima Sadat Lari told state TV.

Masks have been compulsory in indoor public spaces since July, although no penalties were imposed. Now they are mandatory in public both indoors and outdoors in the capital Tehran.

Rouhani said in televised remarks that anyone caught

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