October 21, 2020

To gain an edge, this is what you need to know today.

Wall Street Positioning

Please click here for a chart of 10-year Treasury bond ETF (IEF).

Note the following:

• Sophisticated investors know that paying attention to Wall Street’s position ahead of the election is the second most important thing to do. Of course the most important is the actual election results.
• The move in the markets after the election will be determined not by the election results but by the difference between Wall Street’s positioning and the election results. For example, in 2016 Wall Street was positioned for a Clinton win.