Monica Kingsley
Monicakingsley
Markets did a good job positioning for election results – the upswing in yields coinding with S&P 500, Nasdaq and Russell 2000 (smallcaps took less than 15min after the opening bell to recover) was the telltale, providing for most easy (you may say almost risk-free) intraday long gains in ES and NDX well before the voting ended.
No trepidation or flush came as results started trickling in – apart from the below summary of what election results mean for the markets and economy, I‘ve highlighted the USD upswing (against both the euro and yen), headwind for China stocks, and in general the inflation trades benefiting as markets count on more national debt coupled with protectionist policies. Hello, industrials.
I‘ll be featuring the usual comprehensive daily set of charts only tomorrow as the digestion of election results will be most insightful after a full day of US trading – be ready for plenty of live updates across Telegram and Twitter, as you‘re used to after all the years and as fits my style. I‘ll just feature the dollar chart of the moment (courtesy of www.stockcharts.com) and say it‘s not yet the time to start catching the falling knife in real assets.
Enjoy the premium peek under the hood continuing, for free – this is how much you could have been benefiting through following closely, or tweaking to fit your trading style whether with or without individual 1:1 support – it‘s faster over Telegram.
All essays, research and information represent analyses and opinions of Monica Kingsley that are based on available and latest data. Despite careful research and best efforts, it may prove wrong and be subject to change with or without notice. Monica Kingsley does not guarantee the accuracy or thoroughness of the data or information reported. Her content serves educational purposes and should not be relied upon as advice or construed as providing recommendations of any kind. Futures, stocks and options are financial instruments not suitable for every investor. Please be advised that you invest at your own risk. Monica Kingsley is not a Registered Securities Advisor. By reading her writings, you agree that she will not be held responsible or liable for any decisions you make. Investing, trading and speculating in financial markets may involve high risk of loss. Monica Kingsley may have a short or long position in any securities, including those mentioned in her writings, and may make additional purchases and/or sales of those securities without notice.
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