Goldman Sachs Diffuses Fears of November S&P 500 Volatility Bomb

Goldman Sachs Diffuses Fears of November S&P 500 Volatility Bomb

Goldman Sachs strategists believe the markets might be overestimating the risks from the November presidential election.While some analysts anticipate massive volatility spikes after the election, Goldman said S&P 500 would be able to gauge the winner.The confluence of surging COVID-19 cases and the uncertainty around the election are causing market stagnation.Investors widely anticipate the volatility…

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General Motors Will be Left With Junk Stock If It Closes Nikola Deal

General Motors Will be Left With Junk Stock If It Closes Nikola Deal

Nikola’s stock has tumbled following a series of allegations by a short-seller.The company’s founder resigned from his executive chairman’s position just days ago.The value of GM’s promised stake in the new energy automaker has now halved.General Motors has until September 30th to change its mind regarding the partnership deal it announced with Nikola earlier this…

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