Focus On The Inevitable
As long as there’s a clear winner, the market will be relieved and the focus will move on to the much needed and inevitable stimulus plan. This is the game plan we have been advocating throughout the turmoil leading up to this day. No matter who wins the presidential election, it doesn’t change the fact that the U.S. is running the largest twin deficit it ever has and it is the buyer of last resort for their own debt (lack of foreign buyers). In a nutshell, the wall of money has to arrive anyway. Pick your spots and ride the wave.