The Mid-Term Election: Do Markets like Uncertainty + Trading Levels 11.09.2022
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
“The Mid-Term Election: Do Markets like Uncertainty?”
By John Thorpe, Senior Broker
The simple answer is: No. Clearly, markets need certainty to thrive. Volatility heats up when monetary and fiscal policy uncertainty peak. A National election is an opportunity for the equity markets to react to potential outcomes before, during, and after the election. Behaving just as markets do prior to a FED rate announcement. Market reactions have been historically varied during midterm elections. Currently, several outlets are reporting the least likely election outcome is for Democrats to retain control of the National Government levers. Conversely, the same outlets are calling for a divided government, and will most likely be the outcome of today’s voting. One party controls the House of Representatives and the other controls the Senate. An outcome other than this will roil the markets. A word of caution to not over extend/over-leverage as the results come in after the first polls close on the East coast. Reduce position size if you are trading and be vigilant. “Survive to Trae Another Day”!
Plan your trade and trade your plan.
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