In the last month when the S&P was down 10%, there were a lot of talks about a potential Risk-off heading into the US Election, with a lot of uncertainties ahead, uncertainty what really😏!!! well, it turns out that the market is not that uncertain, in fact they are pricing in a Biden win, the polls are showing that the Democrats will lead the USA in the next 4 years, but wait for a minute can we really trust the polls and get burned just like back in 2016? that's fair but I think as traders we should always follow the market participants perception, if they believe that Joe Biden will win we better do that too, except if you're a contrarian which I'm not, and the more Biden's lead widens volatility will continue to decline, But why the market is going up isn't that the Biden plan equal 4 trillion raise in taxes? That's true, but we also have to look at the other end of the spectrum which is if there will be a Blue Wave Election (Democrats controlling th...
In this blog you can follow my latest views and insights about the Financial Markets and some of my Swing trade ideas, find me on Twitter at @HalimFx10 (it's just my opinions and not Investment Advice)