America is blue again, and the stock market likes it!
Disclaimer: Nothing I say or post should be considered financial advice. Please do your own due diligence before making any investment decisions.
So here are the results of the mid-term elections, Democrats wrestled back control of the Senate and House, leaving Trump in denial and licking his wounds. Even previous republican strongholds like Texas, Iowa, South Carolina and Kansas fell to the blue. It’s fasinating that Trump is still calling out and humilating Democrat representatives, targeting their race and gender. Why does the authorities still tolerate such behavior from him, yet still preaching anti-racisim, sexism? Its mind blowing to me that this uneducated individual is allowed to go unhinged and behave the way he does. Additionally, Trump says he will veto any intiatives that democrats would put forward in the future.
The stock market definitely liked the election results, almost all the sectors in the S&P500 are in the green pre-market, especially healthcare. Let’s see if this optimism will last, or it will just be a temporary bandaid to the constant bleeding we saw over the past two weeks. The underlying issue with tech companies are not properly addressed yet, and hyperscalers are posting negative cashflow due to the AI rat race. So I am cautiously optimistic, but we are not out of the woods yet.[Observation]
@PawsAndProfits - Specialist in combining FA and TA for Options selling and Swing trading.[666]
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- YTigger·39 minutes ago[Like]LikeReport