Market players are trying to hold on to 'good' stocks while navigating election chaos. This will produce choppy and sloppy trading.
This is a major earnings week, electoral risk is real, the virus is already slowing velocity, and the cavalry (fiscal policy) is not coming. Sometimes, circling the wagons is not the worst idea.
It's not what you think -- it's complacency. Also, here's why I see a short-term rally ahead.
Don't be too negative.
The market won't tell you which way it will go, but it's important to look at positioning and assess the asymmetric risks.
Traders have managed to shake off the headlines up to now, but that is becoming more difficult.
There is no stimulus deadline. There is no deal. There are only the games people play.
Many folks are likely planning to move to the sidelines and wait for the smoke of the election to clear.
Market winners and losers, Intel loses its touch and a high-risk/ high-reward scenario for two major ETFs.
Cannabis investors are keenly aware of the landscape and how it could play out for the industry.