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At the Precipice

Wednesday, November 2, 2016 3:46
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(Before It's News)

precipice

BarroMetrics Views: At the Precipice

Am I talking about the FOMC rate decision due out at 14:00 EST? Nope. That’s am almost foregone conclusion: “No rate rise (we’ll see that in December 2016).”

Am I talking about the Non-Farm due out at 20:30, Friday, November 4? Nope. I believe we’ll see a better than consensus – perhaps outside the consensus range – to lay the foundation for the December rise.

What I’m talking about are the US Elections on November 8. Here’s the point – the US stock markets and US dollar will sell off if Trump wins. BUT,  there is a good chance that a definitive winner will not be known for days – it’ll be that close. 

The question I have been asked is whether I’ll be taking a position ahead of the elections – like I did with Brexit.

Nope – I don’t have a feel for the result. Let’s see what happens.

The post At the Precipice appeared first on Ray Barros' Blog for Trading Success.

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