The time has come for this election to be over. I don’t know about y’all, but I am exhausted by the way these politicians, and the entire political backdrop has gone. Is it possible to hear any more lies? Is it possible to see any more ads? Raise your hands if you want to see anymore yard signs! What in the world has happened to our country? Seriously, who can take any politician or surrogate seriously anymore? How can these people sit up there with a straight face with the words they say and the lies they spew? Not to mention the crazy conspiracy theories that are kicked out seemingly on the daily.
What’s worst there are millions of people that align and are okay with this behavior. What, for their own political gain or for their own financial benefit? What an embarrassment this is not only here at home but to the entire world! What happened to honesty? What happened to decency? What happened to our country? I can only hope and pray for a better future for our country, our children, our grandchildren and for future generations.
Now the markets do not seem to care to what’s going on politically. Despite the recent sell-off over the past week, stocks and other highly volatile assets continue to trade near their all-time highs and are now finding some support. The Dow Jones Industrial Average (see chart here) is trading around 42000, the S&P 500 (see chart here) is trading in the 5700-5800 zone, the Nasdaq Composite (see chart here) is north of 18000 and the small-cap Russell 2000 (see chart here) is currently trading above 2200. The economy and job market are still the primary driver of why the stock market has performed so well. It also does help that the Federal Reserve is lowering interest rates which historically bodes well for stocks and derivatives alike.
Good luck to all 🙂
~George