Mostly agree, but the seismic political events on the horizon must have investors spooked.
I don’t think the market had factored in the degree of groundswell of Trump support for the election steal, both in DC and on Main Street.
Civil war possibilities are growing rapidly. The conservative base is not going to take this election steal lying down. This time is MUCH different. Both sides are digging in their heels, and it could get very ugly, very quickly.
If Trump prevails, he is going to go after Facebook, Twitter, Google, et al, with a vengeance. Not going to help the major indexes.
My two kroons.
I mostly agree about investors being spooked. We know uncertainty is what the Markets least want.
That said the institutional investors while they may react in anticipation of sell off event they will usually get back in pretty quickly whereas individuals usually get out and stay out way to long because they are convinced the sell off will never end.
Unfortunately, our President has not prevailed and now it is likely the Dems will succeed in having him removed from office and/possibly arrested. That is one of their ultimate goals....but just a step along the way.
When that happens, what will the markets do then?