Election Day is just two weeks from this Tuesday, so you’re probably getting the question: “What does the election mean for the markets?” Specifically, we want to address, in plain English, what a Clinton or Trump win would mean for: The major asset classes: Stocks, Treasuries, Gold, Oil, the US Dollar and Which stock sectors[…]
Stocks sold off several points in the opening hour of trade yesterday in what turned out to be a classic “gap fill” between yesterday’s open and Monday’s morning high.
Copper tested and held a multi-month uptrend support line yesterday, but if that level near $2.10 is materially violated it could be forecasting a further slowdown in an already very sluggish global growth rate.
Since we recommended getting long natural gas on September 21st, futures have rallied more than 17% trough-to-peak and we believe there is still more room to run to the upside in both the near and longer terms.
Another episode with Tom Essaye and Adam Johnson on Market’s Bell discussing: Election Investing, Stock Market Sweet Spot & Bonds Italian Style.
Dow Theory has been bearish since July of 2015 however, the Transports are threatening to confirm a bullish signal in the DJIA from earlier in the year which would shift the historically accurate indicator back in favor of the bulls.
The dollar index broke out to levels not seen since early March yesterday as investors continue to price in a December rate hike.
The global benchmark, Brent crude oil futures rallied to a one year high yesterday on the back of bullish comments from Russian President Vladimir Putin as the speculative, “production-cap rally” continues.
Gold plunged to a 3 month low yesterday amid a hawkish shift in Fed policy expectations this week. Despite the near term breakdown however, the long term trend is still bullish.
The pound fell to a 3-month low yesterday thanks to news that British PM May set a March deadline for formally beginning the Brexit Process.