The market is a discounting mechanism and already looking forward beyond the election and into Q1 2025.
We know. And that's why we had our LIVE Monthly Charts Strategy Session last night. These are the sectors and stocks we're buying right now, and arguably even more importantly, which sectors and stocks we're selling.
This is a CANNOT MISS Conference Call, but it's reserved only for Premium Members for ASC Research. You can sign up here RISK FREE to receive the entire video conference call and get 24/7 access to the details for each trade idea.
They don't stop trading. In fact, they're actually trading even more hours these days. There's more trading than ever before in American history.
Whether you like who is about to become President of the United States or not, the question still remains: Are we buying stocks? Are we selling stocks? Or are we doing nothing?
This question needs to be answered - regardless of who you're voting for.
One thing that I think is definitely worth mentioning is that this is the first Election in U.S. history that will allow constituents to trade individual stocks throughout Election night.
In the past we had futures markets, and even some Crypto assets in recent years.
But in 2024 we have liquid markets for individual stocks. And even if you don't plan on trading those stocks, you can see what's moving and how the biggest players are moving them.
Remember - the prices of assets are way more reliable than what some random journalist might be telling people on basic cable television.
As everyone in America wakes up to go vote today, here's where the betting markets currently stand.
Polymarket has Trump up the most. But keep in mind that this is considered "the most Republican" of the betting markets, as Peter Thiel is an investor.
With that in mind, Polymarket has Trump's odds at over 62% with Harries down to 38%.
Kalshi has Trump's odds at 57% with Harris now down to 43%.
And now Predict It has Trump leading slightly as well.
This one below has been the betting market that has skewed more towards a Harris victory than any of the others.
Here's the question I would ask the people who think these markets are being manipulated...
Is it that you actually believe there's a conspiracy going on where wealthy parties are manipulating the results of these betting markets?
Or is it that you don't like what the betting markets are telling you, so your coping mechanism is to tell everyone (and convince yourself) that these markets are being manipulated?
This is a valid question.
I know I personally don't know the answer. How could I?
So I'm really just interested to see how this all plays out over the next week.
I love that individual stocks will be trading tonight as the election results are coming in. Like I said, this is the first time in American history that this information and opportunity is available.
Here's what the Trump SPAC looks like. After ripping 365%, the stock got cut in half before the recent 20% bounce this week:
The stock is now stuck in this massive range, so I'm not seeing much of an edge here long or short - in $DJT specifically.
But if you ask me what stocks in general will do over the next 24 hours, I will answer the way J. Pierpont Morgan answered this same question over 100 years ago.
His response, "The stock market will fluctuate".
There will be opportunities. Today. Tonight. Tomorrow. And after that.
