Today is the judgement day for the politicians.
Most
likely Hillary and Trump will win. If so, Bernie would drop out.
Democratic party is different. Trump needs 50% otherwise he will not be
selected by the party. I am looking for the less of the evils for the
next president.
The market is positive for the
year after losing about 10%. The election year is usually the second
best year for the market after the year right before the election. There
are many risky factors (time to do another market analysis).
Our
market cycle is about 4 years. This is the eighth year and time for the
market to crash? Well, stick with the technical indicator and you will
fare better. It has been proven since 2000 but recently we have more
false alarms. False alarms are fine as you just exit and come back
shortly.
The Fed has changed all the market logic
by printing money excessively. The interest rate has to raised
eventually - bad for the market in the short term but good for long
term.
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