markets hate uncertainty. period.
$Bitcoin (BTC.CC)$ $SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$ question of who will be democratic nominee is causing a lot of uncertainty especially when market has already been pricing in a trump win.
we might see a -3% day on SPY on monday or tuesday and -5% day on qqq in the coming week...
i have already been taking profits aggressively by selling most of the stocks I'm having a profit on. i might have to be even more aggressive and sell more on monday and sit on a large cash pile until the democrats figure out who to nominate and until the market becomes more certain about the election. sure i might lose some potential profits by missing the rebound but I'd rather protect my profits and avoid losses at this point
i don't think it will be good for the markets. maybe a brief sympathy rebound rally on monday but i think stocks will get sold off even more
i still have some options which expire in august and september. i honestly don't have hope at this point that those august options hit the price targets. painful loss but what to do.
there is this SPY seasonals which is based on who runs for president. it's only bullish if sitting president reruns for elections. can we count kamala running for president as such a case? otherwise, if 2 new candidates compete, seasonals show that it is not so good for markets in 2H of the year. you can look this up yourselves.
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aims to identify stocks with rock solid growth fundamentals with 10x potential. also dabbles a little bit in trading
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Anon User : It's not a question. It's Kamala
Shroomie Anon User : biden endorsing her does not make her the democratic nominee.. the party needs to announce it
MomentumPython1337 OP Anon User : still uncertain. they need to announce it. and even if it is kamala, what does that mean for election winning odds? she's not an old dying man that biden is. will she be more favorable for democrats? the condition of trump win is hinged on biden's old age and mental incompetence
gooood1o Shroomie : It's not a question. It's Kamala
gooood1o MomentumPython1337 OP : It's not a question. It's kamala
MomentumPython1337 OP Cisco seller : i had a gut feeling that biden will drop out this weekend which is why i closed significant positions on friday. but the man was super insistent that he would stay in the race even up to Saturday.
only rumors started coming out during end of friday/weekend that pelosi and other top democrats are pushing for him to drop out. and now sunday he announces it.
general market might panic but it will be interesting to see if certain stocks will do better than others. semis are already sold off pretty hard so I'll be watching if they continue to get sold off. will small caps continue to be more robust than large caps?
Sg-Jin Shroomie : They don’t announce it means they fking themselves. Any other candidate other than Kamala shows that Democratic Party isn’t united and in shambles and will only play to trump tune.
Bullish on markets.
gooood1o : Don't post on here if you delete comments.
PhotoSynth : Market will definitely be up tomorrow. Democracy and the free markets are about to be saved![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
MomentumPython1337 OP gooood1o : not sure who you're talking to as I didn't delete anything
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