how will the election affect the stock market
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Election Dip, lets call it.
election dip lets call it
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Election Dip, lets call it.
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election dip lets call it
Just how will the election affect the stock market ? election dip lets call it....
U.S. equities closed lower on Friday after the release of key employment data while investors braced themselves for the election next week.
The Dow Jones industrial average ended about 40 points lower, with Procter & Gamble contributing the most losses. The S&P 500 fell nearly 0.2 percent and extended its losing streak to nine sessions, with consumer staples leading decliners. The S&P's losing streak is the longest in almost 36 years. During that streak, the index has fallen nearly 3 percent.
The Nasdaq composite fell about a quarter of a percent. The three major indexes all posted weekly losses.
"Nobody wants to do anything today. ... Everybody is on hold for Tuesday," said JJ Kinahan, chief strategist at TD Ameritrade. "I think next week you'll start seeing Wall Street coronate winners and losers. What I mean is you're going to start seeing investors switching sectors very quickly."
The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, rose 3.76 percent to trade near 22.9. The so-called fear gauge is also up more than 40 percent this week.
The race between Republican Donald Trump and his Democratic counterpart, Hillary Clinton, has become tighter since last week, when the FBI said it was investigating new emails related to Clinton. According to data from RealClearPolitics, the average spread between Clinton and trump is now just 1.7 points in a four-way race, down from about 5 points last week.
"The market is pricing in a Hillary Clinton victory, but it's also been pricing in a split ticket, with Clinton taking the White House and a split in Congress," said Tom Siomades, head of Hartford Funds Investment Consulting Group.
"I would consider this a middle-of-the road report. I think the interesting thing about the report is that Hurricane Matthew didn't adversely affect jobs growth. In the past, we've seen hurricanes depress jobs growth," said Andrew Chamberlain, chief economist at Glassdoor.
But the bigger number in the report could be wages, with average hourly earnings climbing 10 cents and reflecting a 2.8 percent annualized increase, according to the report from the Bureau of Labor Statistics.
"This is a pretty positive wages picture and it's what you'd expect to see with such low unemployment," Glassdoor's Chamberlain said.
Investors have been paying even more attention to U.S. economic data as they try to determine the likelihood of the Federal Reserve raising rates.
As you can see on the S&P 500 we have dropped about 100 points from the top in AUG - SEPT!!!! So we are about to see if HILLARY WINNING, what that will do. I hear all sorts of stuff, about what HILLARY winning will do for the investment world, but so far that means nothing as the market has investors all confused and not knowing what to do. As You can see we broke through support at 2100, and the market is still slip sliding away.
What we can do is focus on the ELECTION, we are only 24 hours away from a results. But it smells like the USA is about to have its FIRST FEMALE PRESIDENT. Wow! If that was to happen, that is very historical. - Source : Cnbc.
Just how will the election affect the stock market ? election dip lets call it....
U.S. equities closed lower on Friday after the release of key employment data while investors braced themselves for the election next week.
The Dow Jones industrial average ended about 40 points lower, with Procter & Gamble contributing the most losses. The S&P 500 fell nearly 0.2 percent and extended its losing streak to nine sessions, with consumer staples leading decliners. The S&P's losing streak is the longest in almost 36 years. During that streak, the index has fallen nearly 3 percent.
The Nasdaq composite fell about a quarter of a percent. The three major indexes all posted weekly losses.
"Nobody wants to do anything today. ... Everybody is on hold for Tuesday," said JJ Kinahan, chief strategist at TD Ameritrade. "I think next week you'll start seeing Wall Street coronate winners and losers. What I mean is you're going to start seeing investors switching sectors very quickly."
The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, rose 3.76 percent to trade near 22.9. The so-called fear gauge is also up more than 40 percent this week.
The race between Republican Donald Trump and his Democratic counterpart, Hillary Clinton, has become tighter since last week, when the FBI said it was investigating new emails related to Clinton. According to data from RealClearPolitics, the average spread between Clinton and trump is now just 1.7 points in a four-way race, down from about 5 points last week.
"The market is pricing in a Hillary Clinton victory, but it's also been pricing in a split ticket, with Clinton taking the White House and a split in Congress," said Tom Siomades, head of Hartford Funds Investment Consulting Group.
"I would consider this a middle-of-the road report. I think the interesting thing about the report is that Hurricane Matthew didn't adversely affect jobs growth. In the past, we've seen hurricanes depress jobs growth," said Andrew Chamberlain, chief economist at Glassdoor.
But the bigger number in the report could be wages, with average hourly earnings climbing 10 cents and reflecting a 2.8 percent annualized increase, according to the report from the Bureau of Labor Statistics.
"This is a pretty positive wages picture and it's what you'd expect to see with such low unemployment," Glassdoor's Chamberlain said.
Investors have been paying even more attention to U.S. economic data as they try to determine the likelihood of the Federal Reserve raising rates.
As you can see on the S&P 500 we have dropped about 100 points from the top in AUG - SEPT!!!! So we are about to see if HILLARY WINNING, what that will do. I hear all sorts of stuff, about what HILLARY winning will do for the investment world, but so far that means nothing as the market has investors all confused and not knowing what to do. As You can see we broke through support at 2100, and the market is still slip sliding away.
What we can do is focus on the ELECTION, we are only 24 hours away from a results. But it smells like the USA is about to have its FIRST FEMALE PRESIDENT. Wow! If that was to happen, that is very historical. - Source : Cnbc.
WHAT IF YOU KNEW WHICH WAY THE MARKET WAS ABOUT TO MOVE BEFORE IT HAPPENED? CLICK HERE To Join Our VIP ELITE GROUP -- FREE!
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