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Brace Yourself: Election and Earnings Set to Shake Up Markets Happy weekend, everyone! I really hope you're enjoying it and having a good time. Maybe some of you are taking the opportunity to get out and vote early! From what I hear, the lines are long. I might take my chances with election day... And speaking of the election, I'm expecting the markets to stagnate until the day after the election (although they might start to move on election day if a winner feels clear). Tom Busby pointed me to a pretty crazy market phenomenon that he wanted me to research for him in detail. Every election year since '96, there's been a HUGE breakout and 10-14 day trend after the election. (details in the third bullet down below) Now, the key thing to remember is, this trend could go either direction, and there's no easy way to predict it (i.e., it's not as simple as Republicans move the market higher and Democrats lower, or anything like that)... In other words, you don't want to try to get out ahead of it or you might catch a falling knife. But once that direction is decided, I plan to hop on board and ride the wave. In the meantime, there are some big earnings this week, but as I pointed out yesterday, if TSLA's 20% jump can't drag the broader markets much higher, I would focus on earnings as a case-by-case thing rather than something that could send ripples through the market this week. I think we're in neutral until that post-election wave. Hope your weekend isn't in neutral though. Enjoy the football, the food, or whatever else you're up to. And one last thing (Alabama fans, I'm sorry...) M-I-Z... To your prosperity, — Stephen Ground Editor-in-Chief, ProsperityPub HOT TIPS Key Market Insights
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