18 September 2020: NZ GDP - In Recession | Heartland Group Jumps Global markets were lower overnight as US stocks fell (US S&P 500 index -0.8%) and Treasuries gained as investors mulled whether the levels of stimulus being provided is enough amid a gradual economic recovery. Tech stocks have underperformed again, with the NASDAQ sitting near its recent low and some 10% off its all-time high, set earlier this month. There have been some more encouraging noises around US fiscal stimulus negotiations over the past few days.  Trump implored Republican senators to “go for the higher numbers”, rather than sticking to their very modest stimulus requests.  Democrat leaders, who rejected a compromise $1.5tn proposal recently put forward in the Senate by a bipartisan group of lawmakers, said they were “encouraged” by Trump’s comments.  The Democrats still want a $2tn+ stimulus package but, if Trump can sway Republicans to soften up their demands, then a comprom...