Good morning,
Don’t do it.
Just don’t do it.
Don’t. Trade. This. Week.
Nothing good can come from it. You don’t know who is going to win. I don’t know who is going to win. And even if we did, we have absolutely no idea how the market would react to it.
Next week, I’ll provide an overview of the state of things and important reactions just like I always do. And hopefully, by then we’ll have a result and several days for the market to sort itself out.
But this isn’t just an election week. Completely lost in all this is a Fed meeting and decision on Thursday. Oh, and there’s earnings. We’re past the biggest and most market-moving mega-caps, but this week features a number of “high-flyers” as I call them, smaller, high-growth names that can be an excellent gauge of risk appetite.
The base case remains more gains from now through year-end. But there’s no reason to double down just before an important news event.
This week’s report will review:
Major index technicals
Earnings reactions from last week
The dollar and rates
Election odds
Upcoming changes to the Dow
ETF movers
and more!
Finally, I’m traveling this week and completed Overtime early. That email (originally scheduled for Tuesday) is in your inbox now along with a Blue Chip Hot List alert.
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