About this episode
Don't do anything today: Virtually anything you do today, ahead of the elections, could be wrong. There was a considerable amount of pre-election de-risking last week. Managers were saying, "I've had a good run, I'm taking money off the table," because no one knows the outcome of the election. On Thursday we saw a sell off, hit the 50-DMA, and that support held on Friday. No one wants to be exceptionally long at this point. We anticipate markets will be essentially flat by the end of the day. Markets are oversold on a short-term basis, and with Thursday's de-risking, markets are in a good position for a post-election rally. Still, on a sell signal, upside will be limited. Remain calm until the election is past. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton, Executive Producer ------- Watch the video version of this podcast: https://www.youtube.com/watch?v=ureIqdQOgyo&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Articles mentioned in this report: "The Presidential Election Cometh" https://realinvestmentadvice.com/newsletter/ "Corporate Buybacks: A Wolf In Sheep's Clothing" https://realinvestmentadvice.com/corporate-buybacks-a-wolf-in-sheeps-clothing/ ------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/