An Exciting Time
With the Republican Convention coming to a close tonight we are stepping into one of the most exciting times in terms of politics affecting investing.Â Both parties are placing young fighters on their tickets and this is going to have big investing implications.Â Where you put your money will be totally different depending on which party wins.Â The polls will now start toÂ affect market movement and sector weightings.
At the moment the market is cleaning up the preliminaries as we move into this election runup.Â Hedge Funds that bet bigÂ on the commoditityÂ bubble are having to sell everything, good riddance, Â they never were hedge funds, just leveraged mutual funds.Â The employment report tomorrow will finish these preliminaries and it should be a bad one. Then we can move into the election runup.Â
8:08 AM CDT