The stock market had a nice bounce this week while we wait for the results of the Presidential Election. It's pretty close. According to The Associated Press, as of this morning, it Biden has a small lead over Trump. If it plays out anything like the Bush vs. Gore election, we may have to wait until December to know who wins.
In 2000, the markets were already on a downturn prior to the election so I would be careful in making any predictions on the impact of this one on the market. Plus, we have the whole COVID pandemic to deal with and there is no comparison to that in 2000.
From a stage analysis, we are still in Stage 3.
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