Yesterday, I pointed out why the market is up so much on the week, even though the presidential election is still up in the air. Just to recap: It looks like Congress is going to be deadlocked, no matter who the president is. Deadlock...
Read MoreMarket hates uncertainty The stock market continues to find ways to confound the maximum number of people and lay waste to commonly-held assumptions. In this case, it’s the conventional wisdom of ‘the market hates uncertainty.’ It was...
Read MoreFor two weeks I’ve been telling my readers that I expected a post-election rally. I tend to avoid making those kinds of predictions because as analyst predictions are a good way to end up with egg on your face. In my experience, most of the...
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RoboStreet – November 5, 2020 Bullish Tape Takes Market Back Up To Previous Highs The market has enjoyed a roaring four-day pre-and-post election rally that is drawing cash off the sidelines and forcing the shorts to cover. Even though the...
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Although the U.S. presidential race is too close to call following yesterday’s election, U.S. Benchmarks extended their streak on Wednesday after closing sharply higher on Tuesday. All three major U.S. indices closed in the green, with the Nasdaq...
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How can the bulls be so bold We’re often told not to mix politics with investing. Today’s action is bearing that out in spades. The stock market is ripping higher, following what at the moment is mostly inconclusive election results. How can...
Read MoreA couple of weeks ago, I wrote how implied volatility was increasing as markets braced for today’s election. However, my expectation was for options premiums to contract, following the event — regardless of the outcome. I previously capitalized...
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