Message From the CEO
I’ve already dipped into our stash of Halloween candy. I’ve always been a big proponent of testing and quality control.
Read on for some important updates on the economy, the markets and the election.
-Kevin
“The suspense is terrible. I hope it lasts.”
In case you forgot, the election is approaching rapidly (2.5 weeks away from when you read this). I currently live in a swing district inside of a swing state – the amount of campaign mail I get has made me promise myself that I’ll invest in local printing companies by the time 2028 rolls around.
As of this writing the polls have it as basically a 50/50 jump ball – Harris is up slightly nationally, Trump is up slightly in the swing states, but pretty much all of them are inside of error.
While voters may have a strong preference for one or the other, at the moment the market seems to not care very much. You can currently buy a S&P 500 call option that expires on November 8 (ie, after results are known) for essentially current market price- which means the big investors with money on the line aren’t predicting any type of spike or collapse regardless of who wins. We’ll see if that changes as we get closer, but for now it could be a case of the results already being baked in.
Recent articles worth the look
How do presidential elections affect the stock market?
With Election Day just around the corner, most of the focus is on the candidates. Investors are wondering how the outcome could impact the stock market—and their portfolios. While no one can predict the future, history provides useful insights that can help ease concerns.
2024 Election Guide 🇺🇸
We ran through all 8 possible balance of power scenarios and discuss what they could mean for taxes and your money…
What does a Fed rate cut mean for the economy and consumers?
Yes, we got the cut from the feds, but long run what does it mean for us the consumer and the economy as a whole? How will this affect the way we go of our everyday and the affect the money we spend… Read more…
