Market Notes: We are still awaiting final election results from several states this morning. But all indication still point to a Biden Presidency and a Republican-controlled Senate. The market has been flying the past few days as some certainty in the government is being priced in. We are getting the first dip this morning as …
Market Notes: The market is not very concerned about who the President of the U.S. is. The market was looking for some certainty on election day and got it. We are fairly certain that Congress will remain split. Split Congress market returns outpace united government by a long shot. I expect the current rally to …
Market Notes: There are three kinds of people in this world; people who can count and people who can’t. It’s been comical reading social media where plenty of people have prematurely declared victory for their side. I’m waiting for projections from multiple sources at this point. Key metrics in the election have yet to be …
Market Notes: Today is the day. Be sure to get out and vote if you haven’t already. Election results may or may not be in tonight. The market will likely settle down a bit if we have winners in all the critical races. Failure to produce clear results will likely drive continued volatility. Markets swung …
Market Notes: It’s Monday, it’s November, and the big election is tomorrow. As American’s brace for what’s to come the market is already reacting strongly. Last week was a bloody week for Wall Street. The worst week ever before a presidential election. The COVID-19 pandemic isn’t slowing down. New lock-down measures were put in place …
Market Notes: Yesterday I called the rally a dead cat bounce. Future are indicating this is the case, making fresh lows overnight. At writing futures remain in the red but less than 1% down. S&P 500 future fell more than 2% in the early morning. It’s Friday and markets are preparing for two days without …
Market Notes: Yesterday was one of the biggest single day selloffs of the year. In a normal year it would’ve likely been the worst but 2020 is far from normal on any front. Futures are green at writing but are trending down. We may experience a dead cat bounce before the sell-off continues. The VIX …
Market Notes: Yesterday we saw some strange trading. The Nasdaq closed well in the positive while the S&P 500 and the DOW closed in the red. Markets appear very choppy at the moment but the trend is still certainly down. The SPY had been trading in a down-trending channel and has fallen through the bottom …
Market Notes: We’re now only one week from the election and uncertainty is everywhere. COVID cases are on the rise, new restrictions are being put in place. This will have an impact on business and unemployment. Trump continues to claim election fraud and battleground states are warning they may not have results back on election …
Watchlist: 10/27 Uncertainty Dragging Markets Down Read More »
Market Notes: Today we kick off the last full week of trading before the election. Futures are pointing towards a red open. Virus cases are on the rise as new restrictions are put in place across the country and around the world. Earnings season is in full swing. I expect a busy week ahead. The …