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Capital Market Outlook

October 19, 2020

IN THIS ISSUE

  • Macro Strategy — Fed Survey Shows Progress On Income Inequality The latest survey shows bigger percentage increases in wealth and income for lower-income families than higher-income families.
  • Global Market View — America's Political Y2K Moment Will Come and Go America is on the cusp of a political Year 2000 (Y2K) moment, portending more near-term volatility.
  • Thought of the Week — Can Coronavirus Halt the Urbanization Megatrend? We find that while coronavirus may lead to a slight deceleration of the rural-to-urban population shift, the data indicates that this is too large a global force to stop.

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