Dow Rattled by Political Uncertainty in Wake of Trump Covid-19 Test

[Option Beast]( 10/03/2020   |   [View in browser]( --------------------------------------------------------------- [Dow Rattled by Political Uncertainty in Wake of Trump Covid-19 Test]( The Dow Jones Industrial Average plunged by as much as 434 points on Friday. President Trump has tested positive for Covid-19, adding another layer of political uncertainty heading into the election. Nonfarm payroll growth slowed in September, a sign that the economic recovery was losing steam. [More...]( SPONSORED CONTENT [Options Trading System With A 94.8% Win-Rate On Last 727 Trades]( The key to being consistently profitable as a trader is to focus on high-probability trades. And in this powerful eBook by Dave Acquino, titled The Ultimate Income Trading System, you'll see exactly how Dave and so many of his students do just that. They make 4%, 5% or 6% on each trade and they're in the trade for just 11 hours. [CLICK HERE for instant access.]( [REFLECTIONS... Hardball Ahead by David Sager](#) Hardball time nears for Baseball and.....Politics!!! We are seeing a Covid 19 abbreviated season, nearing the playoff stage, but that's not all.....enter the U.S presidential election. As it enters the last stage this week, the final week before the first debate on Tuesday all eyes are anticipating a spurred debate between two diabolically different personalities. Sparks will fly and 'fires' will ignite in the final days....and the vote. The presidential and congressional elections have been rumbling in the financial markets' background for weeks, finally moving to the forefront, taking center stage. Add in Friday's (10-1) announcement of jobs data to be released before Election Day, November 3. The economic numbers this time might affect the political world even more than the markets, given the importance of voter's pocketbooks on their election day decisions. Interestingly this election day might be a misnomer: because counting the ballots could extend for days, and hopefully not weeks, as a result of expanded mail (the 'Pony Express' rides again) and early voting. The uncertainty from what could be a delayed and possible contentious tally is neatly expressed in the pricing of options well beyond November 3. The graph of implied volatility of at-the-money options on the S & P 500 shows a 'kink' in contracts expiring in two-to-three months, says Peter Cecchini, founder of Alpha Omega Advisors, former global chief market strategist at Cantor Fitzgerald. After that , the curve slopes downward, indicating a perception of receding risk, he says. These are interesting twists as traders attempt to maneuver, protect, and take profits in a volatile time. In any event, we will have a president and a market that will define our future.....on November 4, 2020 The chances of a pre-election fiscal package are fifty-fifty, with so many side shows playing. The coming contentious confirmation fight over the Supreme Court nominee, Amy Coney Barrett will undoubtedly be huge, as the Democrats want to delay confirmation until after the election. Trump on the other hand is scurrying to move quickly to secure the nomination in the event he's ousted from office. Presently, Vice President Biden is leading President Trump by a commanding margin, 6.5%, down a point this past month, according to RealClearPolitics Poll Average. The race's tightening coincides with fewer Covid 19 cases (very difficult to detect a 'true trend') and the shifting of voters' attention to the economy, the Supreme Court, and.... law and order. All these unknowns loom large and will distract from the 'headliner'- the election. An epic 'Technology War' is ragging in India. India's explosive growth in internet users is steering an intense competition. The number of users hit 743.16 million in March 2020, more than doubling over four years, according to official data. Bain & Company estimates that the number will reach 1 billion by 2030, on the back of inexpensive and ubiquitous mobile data, massive numbers indeed. Giant U.S. tech companies like Facebook, Amazon and Alphabet are eyeing a vast virgin market in India. Disney, Walmart, Netflix (a bit slow to get on the internet wagon in India), are also positioning themselves as 'players' in e-commerce, mobile payments and streaming video dominance. India is all the more attractive to these tech companies because China remains largely blocked off for them. Interestingly Chinese technology companies have poured billions into India even tho' there are strained China-India tensions. This has to a great degree allowed the U.S. companies to gain from India's recent crackdown on Chinese apps like TicTok. It is a big 'fresh' market, and India is the place to be; even China is staking a claim. India's richest man, Mukask Ambani who owns Reliance Industries empire that spans oil, retail and telecom, is Asia's richest man, worth 90 billion dollars. Ambani has a reputation as a ruthless mogul for his undercutting rivals with low prices. His Reliance Jio telecom unit came out of nowhere five years ago to literally take over the then market leaders with low data rates and free phones. He is a tough competitor and controls 'his' markets with an iron fist. Watch out other players!!!! RUMBLINGS ON THE STREET Steven Mnuchin, Treasury Secretary, announcing talks over a new pandemic relief bill to the Senate Banking Committee. Barron's "The President and I want more support...." Matthew Dreith, Portfolio manager of Wasatch Emerging India Fund, Barron's "There's really no other market of that size globally outside of China," said Mr. Drerith, "It's really the access to the huge internet ecosystem emerging in India which is driving the most recent wave of investments." Nicole Saharsky, a veteran Supreme Court litigator, doesn't expect a sea of change in decisions with another Trump appointee, "Would a conservative justice rule for business more than Ginsberg? Yes, but it probably won't make a difference in outcomes," she says. Barron's Dave Donabodian, chief Investment officer at CIBC Private Wealth Management, Barron's "There's some repositioning going on here that says there will be a pullback in the economy, at least in the short term," says Mr. Donabodian. "Stay-at-home stocks are leading, and economic-recovery stocks are getting clobbered." Eli Casdin, founder and chief investment officer of Casdin Capital , a New York-based investment firm focused on the sciences and health care, Barron's "The speed with which the industry has responded to this crisis has changed the way people perceive what is possible for clinical-trial timelines." The pandemic has kick started, or accelerated the entire life-sciences industry. [Is It Time to Buy the S&P 500's 3 Worst-Performing September Stocks?]( Despite setting a new record high early in the month, the S&P 500 index ended September down roughly 3.9% due to ongoing concerns about the economic impact of the coronavirus and the lack of a new stimulus bill. Big slides raise the question: Should investors be buying these stocks up now that their respective prices are substantially lower? Before rushing to buy, let's take a look at the dynamics that weighed on the S&P 500's biggest losers last month. [Article continues...]( [The Best Rewards Credit Cards Of October 2020]( Picking the right credit card in 2020 may feel overwhelming. There are so many different options that it's hard to know which is best for you. To relieve some of the stress, we analyzed 111 popular rewards cards using an average American's annual spending budget and digging into each card's perks and drawbacks to find the best of the best based on your consumer habits. [Click to continue reading this article...]( [Half Of Americans Over 55 May Retire Poor]( How badly is COVID-19 hurting Americans on the cusp of retirement? Maybe worse than we thought. In an interview, economist Teresa Ghilarducci, a professor at The New School in New York City and one of the nation's leading experts on retirement, told me that half-that's right, half-of Americans aged 55 and up will retire in poverty or near poverty. "Our data is showing that, because of the COVID recession, about 50% of workers over the age of 55 will be poor or near-poor adults when they reach 65," she said. [More here...]( SPONSORED CONTENT [Legendary "Tarheel Trader" Reveals $5,000 Income Trick]( A legendary Tarheel trader claims she can show anyone how to pull down $5,000, $10,000 even as much as $20,000 a month in income thanks to her "backwoods" trading technique. She's giving away this method for free until Sunday. [Instant access here...]( --------------------------------------------------------------- [Option Beast]( Send this to a Friend. [Click here.]( | Not a Subscriber Yet? [Click here.]( All content © 2020 Option Beast Neptune Ave, 300 Main Street #711, Madison, NJ 07940 USA Welcome to Option Beast, an e-mail service that replaces many of our previous alerts. We hope you enjoy it. If you do not wish to receive this email service, please [click here to unsubscribe](. 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