Here is another trade done this morning.
Obviously the outlook today for a lower volume day and lower volatility as bond markets are closed, was wrong. Markets are flying high as stimulus is definitely expected. There is a growing consensus that VP Biden will win the election and then announce a huge stimulus package. Analysts speaking on CNBC this morning indicated that Democratic government spend more than Republican governments on average and they believe Biden, if he wins, will announce a package of more than $2.5 trillion. Whatever the case, that’s the “belief” at the moment that is driving stock indexes a lot higher.
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More Morning Trade Alerts and Ideas for Oct 12 2020
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