Looking at the Election Puzzle….with update at 10:00 AM CDT
I don’t know about you, but I know for myself I can see a wide possibility range in terms of the coming election results….all the way between Republicans sweeping everything, the Presidency, the Senate, and the House, to on the other hand the Democrats sweeping everything in the same way. In that light I think the economic picture has a level of cloudiness that has not been seen in a long time. So we will try to watch the charts for clues.
Today a little bounce seems likely but what happens after that bounce is the big question.
Early bounce in the S&P was pretty tepid, looks like a 1360 to 1420 trading range is setting up for now.