FMCKK - Takeaways From Earnings Calls: A Resilient Economy

• We are yet to have a clear winner in the elections even though indications are that Biden might be the new president of the US.
• Surprisingly, none of the election fears materialized as the stock market surged ahead despite the uncertainties.
• Companies are making substantial savings in costs during the pandemic especially on travel, some of which may never return.
• Housing remains hot, and M&A is recovering as companies look to get deals done before the tax rates get changed.

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