Risk On Bounce

Election day!

Ok first off, we hate seeing headlines like this:

In the United States, this should never be the case, period! The fact that it is not a requirement to show your ID in every single state, for every single voter is a true testament to lack of vote integrity and obviously is left open for corruption. There is simply no other fathomable, logical reason why the most important duty of a citizen in any republic does not require identification.

How is it that a country like India, with billions of people, can somehow manage to mark every single citizen when they vote, count every single vote, yet a country 1/4th the size and the most advanced country technologically (debatable) puts up with this BS.

Look we don’t care who you vote for Republican/Democrat, we are constitutional libertarians, with enough sense to respect individual rights. So with that cleared up, expect the usually late night gap closing out of the blue corner much like 2020. We have researched this topic and thoroughly at that and can tell you the old adage still applies,

It doesn’t matter who casts the vote, the only thing that matters is WHO COUNTS THE VOTE!

Ok, on to the markets, we know the equities have had a bullish tone since the FOMC reversal lower, which we felt in reality, was a capitulation of sorts. Secondly we know there were massive buyers even before the FOMC down at the 3600/3625 area in the SP500 futures on Oct. 14th, so someone drew the line a few weeks ago.