Thursday, November 10, 2016

On The Sidelines After Trump Rally

*We had a nice run. Post elections reality may now set in.
*After a nice jump we wanted to move to the sidelines.
*We'll review some market nagging factors that have a similar recipe as we had going into 2016. Plus there are a few more.

On October 27th we wrote, "Stock Market Should Launch After Elections." We said, "We expect the market to lift and maybe launch, potentially on eithercandidate winning." We liked the fundamental factors at the time. Yesterday at 9:32 am we expected a "Trump Rally." We said, "There could be a short squeeze coming." Still, Trump was not the winner that many major investors thought would be best for markets. Premarket today we said, "Fed Speech Tomorrow Can Peak Markets." We think there is more going on than just that. We are not ready to short but we wanted to step aside given a confluence of factors and evaluate.

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