This an overnight piece via Bloomberg on views from BoA/ML, most worried about volatility in global markets since 2008's GFC
- Democratic takeover of the House will weaken Donald Trump's hand on trade
- making a deal with the Chinese less likely
- and spur a fight over the U.S. debt ceiling
- "We'll have a $1 trillion budget deficit, a big fight over the debt ceiling, gridlock and the U.S. economy will be slowing at the same time"
For 2019:
- In 2011, "brinkmanship literally took the country to the verge of default and culminated in the U.S. losing its AAA credit-rating status. That year we saw more volatility than we can remember. I think 2019 could turn out to be a little worse."
- "The only thing I'm confident in is volatility will be high next year."
here is the link, worth checking over the whole piece
