What We're Watching This Week: Third Wave, Election 2020, Government Relief

  • Trajectory of the COVID-19 pandemic remains the key issue to watch–the next wave is here. Overall estimated cost is already $16 trillion.

  • Countdown to the Nov. 3 elections: Results will have an outsized impact on municipal credit to the positive or negative side depending on the outcome.

  • No fiscal relief before the election; not likely after the election unless Democrats sweep or landscape shifts.

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