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Commenting on the risks of tomorrow’s runoff elections and today’s trading Gorilla Trades strategist Ken Berman said: Q3 2020 hedge fund letters, conferences and more The Risks Of Tomorrow’s Runoff ElectionsEven though the New Year kicked off in a clearly bearish fashion on the street, today’s session hasn’t changed the positive outlook for the year. With the risks of tomorrow’s runoff elections suddenly being very real, a lot of investors reduced their positions today, and despite the Dow’s new all-time high, the year might kick off with a pullback. Real estate stocks, industrials, utilities,...
ValueWalk
Commenting on the contested election fears and today’s trading, Gorilla Trades strategist Ken Berman said:Q3 2020 hedge fund letters, conferences and moreThe Fears Of A Contested ElectionThe major indices are all trading higher at midday as last week’s severe selling pressure eased ahead of tomorrow’s elections. Despite the rally, volatility remains very high amid the political uncertainty and the raging pandemic, and stocks are likely to experience wild swings in the coming days. The fears of a contested election are still weighing on investor sentiment, and while the Volatility Index (VIX) i...
ValueWalk
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